DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,644 shares of the sporting goods retailer’s stock after selling 140 shares during the quarter. Securian Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $998,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. QRG Capital Management Inc. lifted its holdings in shares of DICK’S Sporting Goods by 3.5% in the 2nd quarter. QRG Capital Management Inc. now owns 7,465 shares of the sporting goods retailer’s stock worth $1,604,000 after acquiring an additional 251 shares during the last quarter. Carolina Wealth Advisors LLC lifted its holdings in shares of DICK’S Sporting Goods by 9.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 39,517 shares of the sporting goods retailer’s stock worth $8,490,000 after acquiring an additional 3,458 shares during the last quarter. Bath Savings Trust Co acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $348,000. Manning & Napier Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $5,705,000. Finally, Csenge Advisory Group acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $427,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the transaction, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,664,218.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the transaction, the director now owns 5,609 shares in the company, valued at $1,159,099.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,400 shares of company stock valued at $1,811,336. Insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Down 1.1 %

Shares of NYSE DKS traded down $2.33 during mid-day trading on Monday, reaching $204.80. The company had a trading volume of 354,421 shares, compared to its average volume of 1,130,954. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. The firm has a 50 day simple moving average of $212.40 and a two-hundred day simple moving average of $198.90. The stock has a market cap of $16.69 billion, a P/E ratio of 17.00, a PEG ratio of 2.26 and a beta of 1.65. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $234.47.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $3.40 EPS. Sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, June 14th. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Analyst Ratings Changes

DKS has been the topic of several recent analyst reports. Evercore ISI upped their price objective on shares of DICK’S Sporting Goods from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. UBS Group increased their target price on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Wedbush reiterated a “neutral” rating and set a $230.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, June 5th. Morgan Stanley increased their target price on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Finally, Robert W. Baird increased their target price on shares of DICK’S Sporting Goods from $225.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $236.05.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.