Principal Financial Group Inc. Sells 56,874 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Principal Financial Group Inc. decreased its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 23.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,577 shares of the sporting goods retailer's stock after selling 56,874 shares during the period. Principal Financial Group Inc. owned 0.22% of DICK'S Sporting Goods worth $38,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in shares of DICK'S Sporting Goods during the 2nd quarter worth approximately $28,000. Covestor Ltd boosted its position 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 valued at $30,000 after purchasing an additional 55 shares in the last quarter. Innealta Capital LLC bought a new position in shares of DICK'S Sporting Goods during the 2nd quarter valued at about $31,000. ORG Partners LLC purchased a new stake in DICK'S Sporting Goods during the second quarter valued at about $30,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of DICK'S Sporting Goods in the third quarter worth approximately $30,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on DKS shares. UBS Group increased their price target on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "neutral" rating in a report on Monday, August 26th. Loop Capital boosted their target price 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. Telsey Advisory Group upped their price target on shares of DICK'S Sporting Goods from $255.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. TD Cowen raised their price objective on DICK'S Sporting Goods from $266.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Finally, Citigroup decreased their target price on shares of DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $244.62.

DICK'S Sporting Goods Stock Up 0.5 %

Shares of NYSE DKS traded up $0.90 during trading hours on Tuesday, hitting $199.38. The company had a trading volume of 624,318 shares, compared to its average volume of 1,064,889. The stock has a market capitalization of $16.23 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 2.31 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. The firm's 50 day moving average is $208.29 and its 200-day moving average is $210.55. DICK'S Sporting Goods, Inc. has a 1-year low of $110.07 and a 1-year high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued 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. The company 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%. DICK'S Sporting Goods's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 earnings per share. On average, analysts expect that DICK'S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.21%. DICK'S Sporting Goods's dividend payout ratio is currently 32.28%.

DICK'S Sporting Goods 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.