DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 71.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,917 shares of the sporting goods retailer’s stock after buying an additional 19,191 shares during the period. Sei Investments Co.’s holdings in DICK’S Sporting Goods were worth $9,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in DICK’S Sporting Goods by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after purchasing an additional 166,687 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in DICK’S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after purchasing an additional 375,600 shares during the last quarter. Dimensional Fund Advisors LP grew its position in DICK’S Sporting Goods by 15.1% in the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock worth $167,683,000 after acquiring an additional 102,609 shares during the period. Bank of New York Mellon Corp raised its position in DICK’S Sporting Goods by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer’s stock valued at $164,341,000 after purchasing an additional 11,792 shares during the period. Finally, TCW Group Inc. raised its position in DICK’S Sporting Goods by 15.3% in the second quarter. TCW Group Inc. now owns 373,982 shares of the sporting goods retailer’s stock valued at $80,350,000 after purchasing an additional 49,654 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DKS. DA Davidson reissued a “buy” rating and set a $265.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Robert W. Baird restated a “neutral” rating and issued a $235.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Loop Capital boosted their target price on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Telsey Advisory Group raised their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, UBS Group increased their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $209.14 on Friday. The firm has a market capitalization of $17.04 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 2.45 and a beta of 1.64. The firm’s fifty day simple moving average is $215.69 and its 200-day simple moving average is $211.66. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $239.30. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the business earned $2.82 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

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 paid a $1.10 dividend. The ex-dividend date is Friday, September 20th. This represents a $4.40 annualized dividend and a yield of 2.10%. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

Insider Transactions at DICK’S Sporting Goods

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the transaction, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 32.03% of the company’s stock.

About DICK’S Sporting Goods

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.