DICK’S Sporting Goods, Inc. (NYSE:DKS) Position Boosted by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 18.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,240 shares of the sporting goods retailer’s stock after purchasing an additional 10,360 shares during the period. American Century Companies Inc. owned about 0.08% of DICK’S Sporting Goods worth $9,520,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Lakewood Asset Management LLC lifted its position in shares of DICK’S Sporting Goods by 0.9% during the first quarter. Lakewood Asset Management LLC now owns 8,273 shares of the sporting goods retailer’s stock worth $1,174,000 after purchasing an additional 74 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in DICK’S Sporting Goods by 0.3% in the first quarter. Treasurer of the State of North Carolina now owns 29,343 shares of the sporting goods retailer’s stock worth $4,163,000 after acquiring an additional 82 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of DICK’S Sporting Goods by 4.3% during the first quarter. Stratos Wealth Partners LTD. now owns 2,134 shares of the sporting goods retailer’s stock valued at $303,000 after purchasing an additional 87 shares during the last quarter. Jag Capital Management LLC raised its position in shares of DICK’S Sporting Goods by 0.4% during the 1st quarter. Jag Capital Management LLC now owns 20,648 shares of the sporting goods retailer’s stock worth $2,930,000 after purchasing an additional 87 shares during the period. Finally, Ronald Blue Trust Inc. raised its position in shares of DICK’S Sporting Goods by 16.6% during the 1st quarter. Ronald Blue Trust Inc. now owns 633 shares of the sporting goods retailer’s stock worth $76,000 after purchasing an additional 90 shares during the period. Institutional investors own 68.21% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In other news, SVP John Edward Hayes III sold 1,733 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $136.66, for a total value of $236,831.78. Following the transaction, the senior vice president now directly owns 18,416 shares in the company, valued at $2,516,730.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other DICK’S Sporting Goods news, Director Sandeep Mathrani acquired 1,300 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were acquired at an average cost of $113.54 per share, for a total transaction of $147,602.00. Following the completion of the purchase, the director now owns 6,647 shares of the company’s stock, valued at approximately $754,700.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Edward Hayes III sold 1,733 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $136.66, for a total value of $236,831.78. Following the sale, the senior vice president now directly owns 18,416 shares in the company, valued at $2,516,730.56. The disclosure for this sale can be found here. 30.79% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DKS. Wells Fargo & Company dropped their price target on DICK’S Sporting Goods from $140.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 23rd. Loop Capital dropped their price target on DICK’S Sporting Goods from $135.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, August 23rd. Oppenheimer dropped their price target on DICK’S Sporting Goods from $175.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 23rd. JPMorgan Chase & Co. lowered their target price on DICK’S Sporting Goods from $144.00 to $128.00 and set a “neutral” rating on the stock in a research report on Thursday, August 24th. Finally, Citigroup lowered their target price on DICK’S Sporting Goods from $153.00 to $118.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 23rd. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Hold” and an average target price of $143.17.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $116.66 on Monday. The stock has a market cap of $9.92 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.95 and a beta of 1.43. The business has a fifty day simple moving average of $133.63 and a 200-day simple moving average of $135.89. The company has a quick ratio of 0.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.56. DICK’S Sporting Goods, Inc. has a 12 month low of $98.01 and a 12 month high of $152.61.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.24 billion. DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. DICK’S Sporting Goods’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.68 EPS. On average, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 11.86 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $1.00 dividend. The ex-dividend date is Thursday, September 14th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.43%. DICK’S Sporting Goods’s payout ratio is presently 35.49%.

DICK’S Sporting Goods Profile

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