Advisors Asset Management Inc. Has $1.99 Million Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Advisors Asset Management Inc. reduced its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,855 shares of the sporting goods retailer’s stock after selling 972 shares during the quarter. Advisors Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $1,991,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DKS. Vanguard Group Inc. raised its stake in shares of 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 valued at $1,209,892,000 after buying an additional 166,687 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of DICK’S Sporting Goods by 4.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock valued at $342,984,000 after buying an additional 94,745 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of DICK’S Sporting Goods by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock valued at $118,621,000 after buying an additional 10,091 shares in the last quarter. Norges Bank acquired a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at $108,908,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of DICK’S Sporting Goods by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 402,025 shares of the sporting goods retailer’s stock valued at $59,078,000 after buying an additional 3,414 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $208.93 on Friday. The company has a market cap of $17.03 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 2.29 and a beta of 1.65. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $234.47. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $211.78 and a 200-day moving average of $194.39.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.36. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the business earned $3.40 EPS. DICK’S Sporting Goods’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio is presently 36.42%.

Analyst Upgrades and Downgrades

DKS has been the topic of several analyst reports. DA Davidson upped their target price on shares of DICK’S Sporting Goods from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Evercore ISI upped their target price on shares of DICK’S Sporting Goods from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Wells Fargo & Company upped their target price on shares of DICK’S Sporting Goods from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $245.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, May 29th. Finally, Gordon Haskett upped their target price on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $237.09.

Insider Activity

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of the sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the sale, the director now owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Julie Lodge-Jarrett sold 4,910 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The disclosure for this sale can be found here. Insiders sold a total of 8,400 shares of company stock valued at $1,811,336 in the last ninety days. 32.03% of the stock is currently owned by insiders.

DICK’S Sporting Goods Company 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.