Davidson Investment Advisors reduced its holdings in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,540 shares of the sporting goods retailer’s stock after selling 5,730 shares during the quarter. Davidson Investment Advisors owned 0.09% of Dick’s Sporting Goods worth $4,042,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd purchased a new stake in Dick’s Sporting Goods during the first quarter worth approximately $114,000. Creative Planning grew its stake in Dick’s Sporting Goods by 72.2% during the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock worth $106,000 after buying an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Dick’s Sporting Goods by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after buying an additional 653 shares during the period. HPM Partners LLC purchased a new stake in Dick’s Sporting Goods during the second quarter worth approximately $272,000. Finally, Verity Asset Management Inc. purchased a new stake in Dick’s Sporting Goods during the first quarter worth approximately $206,000. Institutional investors own 77.76% of the company’s stock.
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Dick’s Sporting Goods Inc (NYSE DKS) traded down 0.07% during mid-day trading on Monday, hitting $27.72. 354,285 shares of the company were exchanged. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 9.95 and a beta of 0.52. The stock’s 50 day moving average is $30.19 and its 200-day moving average is $41.01. Dick’s Sporting Goods Inc has a 12-month low of $25.94 and a 12-month high of $62.88.
Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.04). The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. Equities research analysts predict that Dick’s Sporting Goods Inc will post $2.90 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.45%. Dick’s Sporting Goods’s payout ratio is presently 24.29%.
Several equities research analysts have issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Dick’s Sporting Goods in a research note on Thursday. ValuEngine downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Cowen and Company downgraded shares of Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $31.00 to $28.00 in a research note on Thursday, August 24th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Dick’s Sporting Goods in a research note on Thursday, August 24th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $30.00 price objective (down from $55.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, August 16th. Four investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $39.67.
In related news, Director William J. Colombo acquired 20,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average cost of $26.25 per share, with a total value of $525,000.00. Following the completion of the acquisition, the director now owns 323,224 shares in the company, valued at $8,484,630. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 23.09% of the stock is currently owned by company insiders.
Dick’s Sporting Goods Company Profile
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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