Rhumbline Advisers Cuts Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Rhumbline Advisers trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,051 shares of the sporting goods retailer’s stock after selling 11,499 shares during the period. Rhumbline Advisers’ holdings in DICK’S Sporting Goods were worth $35,461,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Versor Investments LP grew its position in DICK’S Sporting Goods by 117.4% during the second quarter. Versor Investments LP now owns 2,600 shares of the sporting goods retailer’s stock valued at $559,000 after acquiring an additional 1,404 shares during the last quarter. Resonant Capital Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at $205,000. Natixis Advisors LLC boosted its stake in shares of DICK’S Sporting Goods by 3.5% in the 2nd quarter. Natixis Advisors LLC now owns 77,093 shares of the sporting goods retailer’s stock valued at $16,563,000 after purchasing an additional 2,618 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter valued at $4,178,000. Finally, Farther Finance Advisors LLC raised its position in DICK’S Sporting Goods by 16.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,213 shares of the sporting goods retailer’s stock worth $246,000 after purchasing an additional 174 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 3.2 %

DKS opened at $208.04 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. The stock has a market cap of $16.95 billion, a PE ratio of 17.22, a PEG ratio of 2.59 and a beta of 1.65. The business has a 50 day moving average of $214.27 and a 200-day moving average of $207.70.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period last year, the business earned $2.82 EPS. DICK’S Sporting Goods’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.8 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a $1.10 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.11%. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of recent research reports. Telsey Advisory Group raised their price objective on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Truist Financial raised their price target on DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. boosted their price objective on DICK’S Sporting Goods from $197.00 to $211.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. DA Davidson reissued a “buy” rating and set a $265.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday. Finally, Stifel Nicolaus lifted their target price on shares of DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $244.43.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods 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 completion of the transaction, the director now owns 5,609 shares in the company, valued at $1,159,099.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 32.03% of the stock is currently owned by company insiders.

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.