DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Achmea Investment Management B.V.

Achmea Investment Management B.V. grew its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,340 shares of the sporting goods retailer’s stock after buying an additional 1,825 shares during the quarter. Achmea Investment Management B.V. owned about 0.06% of DICK’S Sporting Goods worth $10,171,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in DICK’S Sporting Goods in the first quarter worth $25,000. Covestor Ltd grew its stake in shares of DICK’S Sporting Goods by 70.5% during the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after purchasing an additional 55 shares during the period. ORG Partners LLC acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth $30,000. Innealta Capital LLC purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $31,000. Finally, Versant Capital Management Inc lifted its stake in shares of DICK’S Sporting Goods by 222.6% in the second quarter. Versant Capital Management Inc now owns 171 shares of the sporting goods retailer’s stock valued at $37,000 after purchasing an additional 118 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Telsey Advisory Group lifted their price objective on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. DA Davidson reiterated a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Bank of America raised their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Morgan Stanley boosted their price objective on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Trading Up 1.1 %

Shares of DICK’S Sporting Goods stock opened at $210.60 on Friday. The firm has a market cap of $17.16 billion, a PE ratio of 17.43, a P/E/G ratio of 2.39 and a beta of 1.64. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $239.30. The business’s fifty day moving average is $214.92 and its two-hundred day moving average is $208.80.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company earned $2.82 EPS. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.83 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $4.40 dividend on an annualized basis and a yield of 2.09%. DICK’S Sporting Goods’s payout ratio is 36.42%.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction that occurred 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 owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 32.03% of the stock is owned by insiders.

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.