Advisors Asset Management Inc. Sells 1,086 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Advisors Asset Management Inc. cut its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 34.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,060 shares of the sporting goods retailer’s stock after selling 1,086 shares during the period. Advisors Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DKS. Janus Henderson Group PLC raised its position in shares of DICK’S Sporting Goods by 2.3% in the 1st quarter. Janus Henderson Group PLC now owns 6,948 shares of the sporting goods retailer’s stock worth $1,562,000 after acquiring an additional 153 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in DICK’S Sporting Goods in the 1st quarter valued at about $586,000. Swedbank AB bought a new stake in DICK’S Sporting Goods in the 1st quarter valued at about $1,670,000. Cetera Investment Advisers bought a new stake in DICK’S Sporting Goods in the 1st quarter valued at about $1,697,000. Finally, Teachers Retirement System of The State of Kentucky increased its position in DICK’S Sporting Goods by 24.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 146,792 shares of the sporting goods retailer’s stock valued at $33,008,000 after buying an additional 28,600 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $213.70 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $17.40 billion, a PE ratio of 15.68, a PEG ratio of 2.45 and a beta of 1.64. The stock’s 50 day moving average price is $205.76 and its 200-day moving average price is $210.64. DICK’S Sporting Goods, Inc. has a twelve month low of $120.39 and a twelve month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 EPS. On average, equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DKS shares. DA Davidson reaffirmed a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Bank of America boosted their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Robert W. Baird reaffirmed a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Barclays lifted their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Finally, Loop Capital lifted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.95.

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.