DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 24.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 170,901 shares of the sporting goods retailer after selling 54,623 shares during the quarter. First Trust Advisors LP owned approximately 0.22% of DICK’S Sporting Goods valued at $17,883,000 at the time of its most recent filing with the Securities and Exchange Commission.

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Other institutional investors have also recently increased or reduced their stakes in the company. Comerica Bank increased its stake in DICK’S Sporting Goods by 52.4% in the third quarter. Comerica Bank now owns 42,024 shares of the sporting goods retailer, valued at $4,804,000, after buying another 14,456 shares last quarter. Bridgewater Associates LP increased its stake in DICK’S Sporting Goods by 21.1% in the second quarter. Bridgewater Associates LP now owns 10,104 shares of the sporting goods retailer, valued at $762,000, after purchasing an additional 1,761 shares during the period. Truist Financial Corp increased its holding in DICK’S Sporting Goods by 46.6% in the third quarter. Truist Financial Corp now owns 34,060 shares of the sporting goods retailer, valued at $3,565,000, after purchasing an additional 10,834 shares during the period. Fragasso Group Inc. acquired a new interest in DICK’S Sporting Goods valued at approximately $294,000 during the second quarter. Finally, Eqis Capital Management Inc. increased its stake in DICK’S Sporting Goods by 5.3% during the third quarter. Eqis Capital Management Inc. now owns 18,423 shares of the sporting goods retailer, valued at $1,928,000, after purchasing an additional 926 shares during the period. Institutional investors and hedge funds own 75.08% of the company’s shares.

Analyst upgrades and downgrades

Several analysts have commented on the company. Robert W. Baird raised his target price on DICK’S Sporting Goods to $150.00 from $120.00 in a report Tuesday. DA Davidson raised his target price on DICK’S Sporting Goods to $178.00 from $145.00 and gave the company a “buy” rating in a report on Wednesday. Stephens raised his target price on DICK’S Sporting Goods to $121.00 in a report on Friday, November 25. JPMorgan Chase & Co. raised its target price on DICK’S Sporting Goods to $148.00 from $125.00 and gave the stock a “neutral” rating in a report Wednesday. Finally, Wells Fargo & Company increased its target price on DICK’S Sporting Goods to $120.00 from $103.00 in a report on Wednesday, November 23. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.32.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $149.33 on Friday. The company’s 50-day moving average is $129.58 and its 200-day moving average is $117.99. DICK’S Sporting Goods, Inc. has a 52-week low of $63.45 and a 52-week high of $152.61. The company has a market cap of $11.83 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 2.17 and a beta of 1.41. The company has a quick ratio of 0.59, a current ratio of 1.88 and a debt to equity ratio of 0.61.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its earnings results on Tuesday, March 7th. The sporting goods retailer reported earnings per share (EPS) of $2.93 for the quarter, beating analyst consensus estimates of $2.86 by $0.07. DICK’S Sporting Goods had a return on equity of 45.97% and a net margin of 8.43%. The company had revenue of $3.60 billion in the quarter, compared to analyst estimates of $3.45 billion. In the same period last year, the company posted $3.64 per share. Quarterly sales of DICK’S Sporting Goods increased 7.3% year-on-year. Analysts are forecasting that DICK’s Sporting Goods, Inc. will post 13.52 EPS for the current fiscal year.

DICK’S Sporting Goods increases dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17 will receive a dividend of $1.00 per share. This is a positive change from DICK’S Sporting Goods’ prior quarterly dividend of $0.49. This equates to an annualized dividend of $4.00 and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday March 16th. The payout ratio of DICK’S Sporting Goods is currently 18.11%.

Insider activities at DICK’S Sporting Goods

In related news, EVP Vladimir Rak sold 29,144 shares of the company’s shares in a transaction that took place on Wednesday, December 21st. The stock sold at an average price of $112.43 for a total transaction of $3,276,659.92. Following the sale, the Executive Vice President now directly owns 48,260 shares of the Company, valued at approximately $5,425,871.80. The transaction was disclosed in a filing with the SEC, available at this hyperlink. Company insiders own 32.83% of the company’s shares.

DICK’S Sporting Goods Company Profile

(received rating)

Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

Selected items

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