Steigerwald Gordon & Koch Inc. Reduces Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Steigerwald Gordon & Koch Inc. decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.1% during the second quarter, HoldingsChannel.com reports. The firm owned 149,736 shares of the sporting goods retailer’s stock after selling 4,855 shares during the quarter. DICK’S Sporting Goods makes up approximately 3.9% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 3rd largest holding. Steigerwald Gordon & Koch Inc.’s holdings in DICK’S Sporting Goods were worth $32,171,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Coldstream Capital Management Inc. boosted its stake in DICK’S Sporting Goods by 2.8% in the 2nd quarter. Coldstream Capital Management Inc. now owns 9,718 shares of the sporting goods retailer’s stock worth $2,088,000 after purchasing an additional 268 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in DICK’S Sporting Goods by 7.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,100 shares of the sporting goods retailer’s stock worth $881,000 after purchasing an additional 300 shares in the last quarter. Texas Permanent School Fund Corp raised its position in DICK’S Sporting Goods by 44.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 73,603 shares of the sporting goods retailer’s stock worth $15,814,000 after buying an additional 22,690 shares during the last quarter. Choreo LLC purchased a new position in DICK’S Sporting Goods in the 2nd quarter worth about $288,000. Finally, Prudential PLC purchased a new position in DICK’S Sporting Goods in the 2nd quarter worth about $423,000. Institutional investors own 89.83% of the company’s stock.

Insider Activity

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 32.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DKS. Morgan Stanley boosted their target price on 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. Citigroup reduced their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Robert W. Baird reissued a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Finally, Evercore ISI reissued an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Trading Down 0.3 %

DKS stock traded down $0.61 during midday trading on Tuesday, reaching $206.82. The company’s 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. The stock has a fifty day simple moving average of $214.37 and a two-hundred day simple moving average of $208.55. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $239.30. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 2.39 and a beta of 1.64.

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

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $4.40 annualized dividend and a dividend yield of 2.13%. DICK’S Sporting Goods’s dividend payout ratio 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.