Andra AP fonden Sells 2,500 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Andra AP fonden decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 204,100 shares of the sporting goods retailer’s stock after selling 2,500 shares during the period. DICK’S Sporting Goods accounts for about 0.7% of Andra AP fonden’s portfolio, making the stock its 17th largest holding. Andra AP fonden’s holdings in DICK’S Sporting Goods were worth $43,851,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DKS. TFO Wealth Partners LLC boosted its holdings in DICK’S Sporting Goods by 37,250.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,241 shares of the sporting goods retailer’s stock valued at $329,000 after purchasing an additional 2,235 shares during the period. Franklin Resources Inc. increased its stake in DICK’S Sporting Goods by 22.0% during the 4th quarter. Franklin Resources Inc. now owns 118,140 shares of the sporting goods retailer’s stock worth $17,361,000 after acquiring an additional 21,342 shares during the period. National Bank of Canada FI increased its stake in DICK’S Sporting Goods by 1,313.0% during the 4th quarter. National Bank of Canada FI now owns 13,989 shares of the sporting goods retailer’s stock worth $2,042,000 after acquiring an additional 12,999 shares during the period. Nomura Holdings Inc. acquired a new position in DICK’S Sporting Goods in the 4th quarter valued at $956,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of DICK’S Sporting Goods by 12.5% during the 1st quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer’s stock worth $22,009,000 after purchasing an additional 10,894 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $207.56 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The firm’s fifty day simple moving average is $214.37 and its two-hundred day simple moving average is $208.55. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $239.30. The stock has a market capitalization of $16.91 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate of $3.77 by $0.60. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.82 earnings per share. As a group, analysts predict that DICK’S Sporting Goods, Inc. will post 13.83 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 19th. DICK’S Sporting Goods’s payout ratio is 36.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. TD Cowen boosted their price target on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Morgan Stanley boosted their target price on DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Finally, Loop Capital upped their price objective on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the transaction, the director now owns 5,609 shares in the company, valued at $1,159,099.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.