Thrivent Financial for Lutherans Cuts Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Thrivent Financial for Lutherans trimmed its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,427 shares of the sporting goods retailer’s stock after selling 230 shares during the period. Thrivent Financial for Lutherans’ holdings in DICK’S Sporting Goods were worth $3,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of DICK’S Sporting Goods by 51.4% in the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after buying an additional 375,600 shares in the last quarter. KBC Group NV boosted its holdings in DICK’S Sporting Goods by 887.3% in the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock worth $52,253,000 after acquiring an additional 225,015 shares during the period. International Assets Investment Management LLC grew its position in DICK’S Sporting Goods by 19,851.3% in the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock valued at $43,512,000 after acquiring an additional 207,446 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of DICK’S Sporting Goods by 40.2% during the second quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock valued at $117,103,000 after purchasing an additional 156,227 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in shares of DICK’S Sporting Goods by 65.9% during the second quarter. Los Angeles Capital Management LLC now owns 278,338 shares of the sporting goods retailer’s stock worth $59,801,000 after purchasing an additional 110,570 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. DA Davidson restated a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Loop Capital boosted their price target on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Barclays increased their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Finally, Citigroup dropped their price objective on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $215.13 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $205.78 and its two-hundred day moving average price is $210.53. DICK’S Sporting Goods, Inc. has a 52-week low of $119.84 and a 52-week high of $239.30. The stock has a market capitalization of $17.51 billion, a P/E ratio of 15.78, a P/E/G ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.05%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

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.