Dick’s Sporting Goods Inc (DKS) Holdings Lifted by Nordea Investment Management AB
Nordea Investment Management AB raised its holdings in Dick’s Sporting Goods Inc (NYSE:DKS) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,106 shares of the sporting goods retailer’s stock after acquiring an additional 26 shares during the period. Nordea Investment Management AB’s holdings in Dick’s Sporting Goods were worth $203,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in DKS. Creative Planning grew its position in Dick’s Sporting Goods by 72.2% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after acquiring an additional 1,118 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Dick’s Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after acquiring an additional 653 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new position in Dick’s Sporting Goods in the first quarter valued at about $114,000. Globeflex Capital L P bought a new position in Dick’s Sporting Goods in the first quarter valued at about $224,000. Finally, HPM Partners LLC bought a new position in Dick’s Sporting Goods in the second quarter valued at about $272,000. Hedge funds and other institutional investors own 77.76% of the company’s stock.
Dick’s Sporting Goods Inc (NYSE:DKS) opened at 24.96 on Friday. Dick’s Sporting Goods Inc has a 1-year low of $24.60 and a 1-year high of $62.88. The company has a 50 day moving average price of $26.99 and a 200-day moving average price of $38.05. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 8.96 and a beta of 0.51.
Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.04). Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. Dick’s Sporting Goods’s revenue was up 9.6% compared to the same quarter last year. On average, analysts forecast that Dick’s Sporting Goods Inc will post $2.90 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.68 annualized dividend and a yield of 2.72%. Dick’s Sporting Goods’s payout ratio is 24.29%.
In related news, Director William J. Colombo purchased 20,000 shares of Dick’s Sporting Goods stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the transaction, the director now directly owns 323,224 shares in the company, valued at $8,484,630. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.09% of the stock is owned by company insiders.
A number of research analysts have issued reports on DKS shares. ValuEngine cut Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Dick’s Sporting Goods in a research report on Thursday, September 14th. Telsey Advisory Group cut Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $52.00 to $40.00 in a research report on Monday, July 24th. Canaccord Genuity restated a “buy” rating and set a $52.00 price target on shares of Dick’s Sporting Goods in a report on Friday, July 21st. Finally, Cleveland Research cut Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Three analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.73.
Dick’s Sporting Goods Profile
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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