19,745 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Bought by Global Assets Advisory LLC

Global Assets Advisory LLC bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,745 shares of the sporting goods retailer’s stock, valued at approximately $4,440,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Advisory Services LLC lifted its stake in DICK’S Sporting Goods by 9.0% in the third quarter. Kestra Advisory Services LLC now owns 5,589 shares of the sporting goods retailer’s stock valued at $607,000 after acquiring an additional 460 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in DICK’S Sporting Goods during the third quarter worth $409,000. Envestnet Asset Management Inc. raised its holdings in DICK’S Sporting Goods by 11.8% during the third quarter. Envestnet Asset Management Inc. now owns 75,122 shares of the sporting goods retailer’s stock valued at $8,157,000 after buying an additional 7,909 shares in the last quarter. Invesco Ltd. increased its holdings in shares of DICK’S Sporting Goods by 230.0% during the 3rd quarter. Invesco Ltd. now owns 427,767 shares of the sporting goods retailer’s stock valued at $46,447,000 after acquiring an additional 298,121 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of DICK’S Sporting Goods by 50.0% during the 3rd quarter. Hsbc Holdings PLC now owns 17,842 shares of the sporting goods retailer’s stock valued at $1,934,000 after acquiring an additional 5,946 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on DKS. Barclays boosted their price objective on DICK’S Sporting Goods from $231.00 to $247.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. The Goldman Sachs Group upped their price target on DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a “buy” rating in a report on Friday, March 15th. Williams Trading raised DICK’S Sporting Goods from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $154.00 to $235.00 in a report on Thursday, March 14th. Jefferies Financial Group initiated coverage on DICK’S Sporting Goods in a research note on Friday, April 12th. They issued a “hold” rating and a $211.00 target price for the company. Finally, Robert W. Baird increased their price objective on shares of DICK’S Sporting Goods from $225.00 to $235.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $237.09.

DICK’S Sporting Goods Stock Up 0.2 %

Shares of DKS opened at $229.78 on Tuesday. The business’s fifty day moving average price is $207.20 and its two-hundred day moving average price is $183.52. The firm has a market capitalization of $18.72 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.70 and a beta of 1.62. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $234.47. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.36. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the business earned $3.40 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $1.10 dividend. The ex-dividend date is Friday, June 14th. This represents a $4.40 annualized dividend and a yield of 1.91%. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,664,218.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 32.03% of the company’s stock.

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.