Prudential Financial Inc. reduced its holdings in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 93.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,280 shares of the sporting goods retailer’s stock after selling 644,980 shares during the quarter. Prudential Financial Inc. owned approximately 0.05% of Dicks Sporting Goods worth $1,603,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Bremer Bank National Association acquired a new position in shares of Dicks Sporting Goods during the 1st quarter worth about $32,000. Signaturefd LLC lifted its holdings in shares of Dicks Sporting Goods by 37.7% in the 2nd quarter. Signaturefd LLC now owns 1,986 shares of the sporting goods retailer’s stock valued at $69,000 after purchasing an additional 544 shares during the last quarter. Investors Research Corp lifted its holdings in shares of Dicks Sporting Goods by 23.5% in the 2nd quarter. Investors Research Corp now owns 2,100 shares of the sporting goods retailer’s stock valued at $73,000 after purchasing an additional 400 shares during the last quarter. Clarus Wealth Advisors purchased a new stake in shares of Dicks Sporting Goods in the 2nd quarter valued at about $81,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Dicks Sporting Goods in the 2nd quarter valued at about $158,000. 80.01% of the stock is owned by institutional investors and hedge funds.
DKS traded up $0.53 on Thursday, hitting $38.08. 22,031 shares of the company traded hands, compared to its average volume of 3,119,003. The company has a 50 day moving average of $34.52 and a 200-day moving average of $36.10. The company has a quick ratio of 0.17, a current ratio of 1.28 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $3.42 billion, a PE ratio of 11.75, a PEG ratio of 2.03 and a beta of 0.58. Dicks Sporting Goods Inc has a 12-month low of $29.69 and a 12-month high of $41.21.
Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, August 22nd. The sporting goods retailer reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.05. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.21 billion. Dicks Sporting Goods had a return on equity of 16.96% and a net margin of 3.64%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 EPS. On average, research analysts anticipate that Dicks Sporting Goods Inc will post 3.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, September 12th. Dicks Sporting Goods’s dividend payout ratio is presently 33.95%.
Several analysts have recently weighed in on the company. ValuEngine raised Dicks Sporting Goods from a “strong sell” rating to a “sell” rating in a report on Thursday, September 5th. Stifel Nicolaus boosted their target price on Dicks Sporting Goods from $34.00 to $38.00 and gave the company a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded Dicks Sporting Goods from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a report on Tuesday, August 27th. Wells Fargo & Co downgraded Dicks Sporting Goods from an “outperform” rating to a “market perform” rating and set a $39.00 target price for the company. in a report on Monday. Finally, Goldman Sachs Group assumed coverage on Dicks Sporting Goods in a report on Thursday, July 11th. They issued a “neutral” rating and a $38.00 target price for the company. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. Dicks Sporting Goods has an average rating of “Hold” and a consensus target price of $40.14.
About Dicks Sporting Goods
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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