Securian Asset Management Inc. decreased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 2.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,645 shares of the sporting goods retailer’s stock after selling 132 shares during the period. Securian Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $565,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in shares of DICK’S Sporting Goods by 62.0% during the first quarter. Fifth Third Bancorp now owns 264 shares of the sporting goods retailer’s stock worth $26,000 after acquiring an additional 101 shares during the period. Missouri Trust & Investment Co acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $34,000. Sageworth Trust Co of South Dakota bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $44,000. Covestor Ltd acquired a new position in DICK’S Sporting Goods in the 4th quarter valued at $48,000. Finally, Quent Capital LLC bought a new position in DICK’S Sporting Goods during the 4th quarter worth $57,000. Institutional investors and hedge funds own 78.92% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group reduced their target price on shares of DICK’S Sporting Goods from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, May 26th. DA Davidson lowered their target price on shares of DICK’S Sporting Goods to $123.00 in a report on Thursday, May 26th. Gordon Haskett upgraded DICK’S Sporting Goods from a “reduce” rating to a “hold” rating and set a $78.00 price target for the company in a research note on Thursday, May 26th. Stephens lowered their price objective on DICK’S Sporting Goods to $102.00 in a research note on Monday, May 30th. Finally, Barclays cut their target price on DICK’S Sporting Goods from $134.00 to $106.00 and set an “overweight” rating for the company in a research report on Thursday, May 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $117.94.
Insider Activity at DICK’S Sporting Goods
DICK’S Sporting Goods Price Performance
Shares of DKS opened at $93.35 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.89. The stock has a market cap of $7.52 billion, a PE ratio of 7.21, a PEG ratio of 1.66 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 12-month low of $63.45 and a 12-month high of $147.39. The business has a 50-day simple moving average of $81.57 and a two-hundred day simple moving average of $97.39.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last released its quarterly earnings results on Wednesday, May 25th. The sporting goods retailer reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.42. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.63 billion. DICK’S Sporting Goods had a return on equity of 58.42% and a net margin of 11.75%. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.79 earnings per share. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 10.8 earnings per share for the current fiscal year.
DICK’S Sporting Goods Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were paid a $0.488 dividend. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $1.95 annualized dividend and a dividend yield of 2.09%. DICK’S Sporting Goods’s dividend payout ratio is 15.07%.
DICK’S Sporting Goods Profile
DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
- Get a free copy of the StockNews.com research report on DICK’S Sporting Goods (DKS)
- Can International Business Machines Recover After Its Sell-Off?
- Wingstop And Hershey Are Two Food Stocks Overcoming Inflation
- Ford Stock Rallies As EV Strategy Takes Center Stage
- Should High Yield Altria Be In Your Portfolio?
- Is Keurig-Dr. Pepper A Value Worth Buying?
Receive News & Ratings for DICK'S Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DICK'S Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.