Dana Investment Advisors Inc. Cuts Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Dana Investment Advisors Inc. lessened its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 26,102 shares of the sporting goods retailer’s stock after selling 698 shares during the period. Dana Investment Advisors Inc.’s holdings in DICK’S Sporting Goods were worth $5,608,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. US Bancorp DE raised its position in shares of DICK’S Sporting Goods by 1.5% during the 4th quarter. US Bancorp DE now owns 4,901 shares of the sporting goods retailer’s stock valued at $720,000 after buying an additional 71 shares in the last quarter. Advisory Services Network LLC purchased a new stake in DICK’S Sporting Goods during the fourth quarter valued at approximately $178,000. Hsbc Holdings PLC lifted its stake in shares of DICK’S Sporting Goods by 21.7% in the 4th quarter. Hsbc Holdings PLC now owns 21,722 shares of the sporting goods retailer’s stock valued at $3,192,000 after purchasing an additional 3,880 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of DICK’S Sporting Goods by 51.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,692 shares of the sporting goods retailer’s stock worth $543,000 after purchasing an additional 1,249 shares during the period. Finally, TD Asset Management Inc increased its position in shares of DICK’S Sporting Goods by 33.8% during the 4th quarter. TD Asset Management Inc now owns 11,850 shares of the sporting goods retailer’s stock valued at $1,741,000 after purchasing an additional 2,995 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the subject of a number of analyst reports. Barclays raised their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Robert W. Baird reiterated a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Wells Fargo & Company decreased their price objective on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. Finally, Loop Capital upped their target price on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

Insiders Place Their Bets

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the transaction, the director now directly owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 32.03% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $205.56 on Wednesday. DICK’S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year high of $239.30. The business has a 50-day moving average price of $215.76 and a 200 day moving average price of $211.73. The company has a market capitalization of $16.75 billion, a P/E ratio of 17.02, a PEG ratio of 2.45 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

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

DICK’S Sporting Goods Announces Dividend

The business also recently announced 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 2.14%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

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.