Dicks Sporting Goods Inc (NYSE:DKS) Stock Position Decreased by South Dakota Investment Council
South Dakota Investment Council trimmed its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 14.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,397 shares of the sporting goods retailer’s stock after selling 15,102 shares during the quarter. South Dakota Investment Council owned approximately 0.10% of Dicks Sporting Goods worth $3,096,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in DKS. GAM Holding AG raised its holdings in Dicks Sporting Goods by 15.0% during the 2nd quarter. GAM Holding AG now owns 76,157 shares of the sporting goods retailer’s stock worth $2,637,000 after buying an additional 9,950 shares during the period. Aperio Group LLC grew its stake in Dicks Sporting Goods by 15.0% during the 2nd quarter. Aperio Group LLC now owns 197,145 shares of the sporting goods retailer’s stock valued at $6,827,000 after acquiring an additional 25,706 shares in the last quarter. ICM Asset Management Inc. WA grew its stake in Dicks Sporting Goods by 21.4% during the 2nd quarter. ICM Asset Management Inc. WA now owns 44,500 shares of the sporting goods retailer’s stock valued at $1,541,000 after acquiring an additional 7,850 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of Dicks Sporting Goods by 1.5% in the 1st quarter. Mason Street Advisors LLC now owns 39,225 shares of the sporting goods retailer’s stock valued at $1,444,000 after purchasing an additional 588 shares during the period. Finally, Bank of Hawaii acquired a new stake in shares of Dicks Sporting Goods during the first quarter worth approximately $768,000. 78.64% of the stock is currently owned by institutional investors.
Shares of DKS traded up $0.38 during mid-day trading on Wednesday, hitting $38.47. 755,772 shares of the company’s stock were exchanged, compared to its average volume of 3,053,149. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 1.97 and a beta of 0.58. The firm has a fifty day moving average of $34.38 and a two-hundred day moving average of $36.09. The company has a quick ratio of 0.17, a current ratio of 1.28 and a debt-to-equity ratio of 1.73. Dicks Sporting Goods Inc has a twelve month low of $29.69 and a twelve month high of $41.21.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, September 12th. Dicks Sporting Goods’s payout ratio is 33.95%.
Several research analysts have weighed in on DKS shares. Zacks Investment Research lowered shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research note on Tuesday, August 27th. Morgan Stanley set a $36.00 target price on shares of Dicks Sporting Goods and gave the company a “hold” rating in a research note on Thursday, August 22nd. TheStreet lowered shares of Dicks Sporting Goods from a “b” rating to a “c+” rating in a research note on Thursday, June 20th. Citigroup set a $37.00 price target on shares of Dicks Sporting Goods and gave the company a “hold” rating in a report on Friday, August 23rd. Finally, ValuEngine raised shares of Dicks Sporting Goods from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. Dicks Sporting Goods has an average rating of “Hold” and an average target price of $39.92.
Dicks Sporting Goods Profile
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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