DICK’S Sporting Goods, Inc. (NYSE:DKS) is Steigerwald Gordon & Koch Inc.’s 3rd Largest Position

Steigerwald Gordon & Koch Inc. lowered its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,736 shares of the sporting goods retailer’s stock after selling 4,855 shares during the period. DICK’S Sporting Goods comprises about 3.9% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its 3rd largest position. Steigerwald Gordon & Koch Inc. owned about 0.18% of DICK’S Sporting Goods worth $32,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DKS. Vanguard Group Inc. boosted its position in DICK’S Sporting Goods by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after purchasing an additional 166,687 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of DICK’S Sporting Goods by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock valued at $118,621,000 after acquiring an additional 10,091 shares during the period. Bank of New York Mellon Corp boosted its position in shares of DICK’S Sporting Goods by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer’s stock valued at $164,341,000 after acquiring an additional 11,792 shares during the period. Norges Bank bought a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $108,908,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of DICK’S Sporting Goods by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 402,025 shares of the sporting goods retailer’s stock valued at $59,078,000 after acquiring an additional 3,414 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now owns 5,609 shares in the company, valued at $1,159,099.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 32.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on DKS shares. Oppenheimer lifted their target price on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Morgan Stanley lifted their target price on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Bank of America lifted their target price on shares of 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. TD Cowen lifted their target price on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Citigroup decreased their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Trading Down 0.3 %

Shares of NYSE DKS traded down $0.61 during mid-day trading on Tuesday, hitting $206.82. The stock had a trading volume of 27,868 shares, compared to its average volume of 1,128,304. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $239.30. The business has a 50 day moving average price of $214.37 and a two-hundred day moving average price of $208.55. The firm has a market cap of $16.85 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64.

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

DICK’S Sporting Goods Dividend Announcement

The business also recently declared 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. This represents a $4.40 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, September 19th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.42%.

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.