Cozad Asset Management Inc. Reduces Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Cozad Asset Management Inc. decreased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,423 shares of the sporting goods retailer’s stock after selling 1,596 shares during the period. Cozad Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $2,384,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DKS. Advisor Resource Council acquired a new position in DICK’S Sporting Goods in the third quarter valued at $271,000. D.B. Root & Company LLC lifted its holdings in shares of DICK’S Sporting Goods by 2.6% in the 3rd quarter. D.B. Root & Company LLC now owns 27,021 shares of the sporting goods retailer’s stock valued at $5,639,000 after purchasing an additional 682 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of DICK’S Sporting Goods by 10.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 26,861 shares of the sporting goods retailer’s stock valued at $5,606,000 after purchasing an additional 2,630 shares during the period. National Pension Service purchased a new position in DICK’S Sporting Goods during the 3rd quarter worth approximately $4,195,000. Finally, Robeco Institutional Asset Management B.V. increased its position in DICK’S Sporting Goods by 33.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 81,253 shares of the sporting goods retailer’s stock worth $16,958,000 after buying an additional 20,220 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Performance

DKS opened at $195.01 on Thursday. The stock’s 50 day simple moving average is $210.45 and its 200 day simple moving average is $210.57. The stock has a market cap of $15.88 billion, a P/E ratio of 14.31, a P/E/G ratio of 2.20 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 1-year low of $110.07 and a 1-year high of $239.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share 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 analysts’ expectations of $3.44 billion. During the same quarter last year, the business posted $2.82 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.26%. DICK’S Sporting Goods’s dividend payout ratio is presently 32.28%.

Wall Street Analyst Weigh In

DKS has been the subject of several research analyst reports. Bank of America increased their price objective on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, September 5th. DA Davidson reissued a “buy” rating and set a $265.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Barclays upped their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Loop Capital raised their price target on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Finally, Wedbush reaffirmed a “neutral” rating and set a $250.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Nine 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, the company has an average rating of “Moderate Buy” and an average target price of $244.62.

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.