Nisa Investment Advisors LLC Sells 1,210 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)
Nisa Investment Advisors LLC reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 10.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,398 shares of the sporting goods retailer’s stock after selling 1,210 shares during the quarter. Nisa Investment Advisors LLC’s holdings in DICK’S Sporting Goods were worth $1,040,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its position in DICK’S Sporting Goods by 3.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,356 shares of the sporting goods retailer’s stock valued at $731,000 after acquiring an additional 183 shares in the last quarter. IHT Wealth Management LLC bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $260,000. Allspring Global Investments Holdings LLC bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $14,713,000. Robeco Institutional Asset Management B.V. lifted its position in DICK’S Sporting Goods by 225.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 123,371 shares of the sporting goods retailer’s stock valued at $14,184,000 after acquiring an additional 85,459 shares in the last quarter. Finally, B. Riley Wealth Management Inc. lifted its position in DICK’S Sporting Goods by 6.4% in the 4th quarter. B. Riley Wealth Management Inc. now owns 4,916 shares of the sporting goods retailer’s stock valued at $565,000 after acquiring an additional 295 shares in the last quarter. 78.92% of the stock is owned by institutional investors.
DICK’S Sporting Goods Stock Down 0.1 %
Shares of DKS opened at $95.01 on Friday. DICK’S Sporting Goods, Inc. has a 52 week low of $63.45 and a 52 week high of $147.39. The firm has a market cap of $7.65 billion, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 1.76 and a beta of 1.57. The firm’s 50-day simple moving average is $81.32 and its 200 day simple moving average is $97.74. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 1.88.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly earnings results on Wednesday, May 25th. The sporting goods retailer reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.42. DICK’S Sporting Goods had a net margin of 11.75% and a return on equity of 58.42%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the prior year, the business earned $3.79 EPS. DICK’S Sporting Goods’s quarterly revenue was down 7.5% on a year-over-year basis. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 10.8 earnings per share for the current year.
DICK’S Sporting Goods Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were paid a $0.488 dividend. The ex-dividend date was Thursday, June 9th. This represents a $1.95 dividend on an annualized basis and a yield of 2.05%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 15.07%.
Analyst Ratings Changes
DKS has been the topic of several research reports. StockNews.com started coverage on shares of DICK’S Sporting Goods in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Robert W. Baird cut their price target on shares of DICK’S Sporting Goods from $115.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 25th. Barclays cut their price target on shares of DICK’S Sporting Goods from $134.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, May 26th. Telsey Advisory Group cut their price target on shares of DICK’S Sporting Goods from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, May 26th. Finally, Cowen cut their price target on shares of DICK’S Sporting Goods to $126.00 in a research report on Thursday, May 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $117.94.
Insider Activity at DICK’S Sporting Goods
In other DICK’S Sporting Goods news, SVP John Edward Hayes III sold 1,200 shares of the business’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $84.57, for a total value of $101,484.00. Following the completion of the sale, the senior vice president now owns 34,231 shares of the company’s stock, valued at approximately $2,894,915.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other DICK’S Sporting Goods news, Director William J. Colombo acquired 5,000 shares of the business’s stock in a transaction on Tuesday, May 31st. The stock was purchased at an average price of $80.99 per share, with a total value of $404,950.00. Following the acquisition, the director now directly owns 162,003 shares of the company’s stock, valued at approximately $13,120,622.97. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John Edward Hayes III sold 1,200 shares of the business’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $84.57, for a total transaction of $101,484.00. Following the completion of the sale, the senior vice president now directly owns 34,231 shares of the company’s stock, valued at approximately $2,894,915.67. The disclosure for this sale can be found here. 32.83% of the stock is owned by company insiders.
DICK’S Sporting Goods Company Profile
DICK’S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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