Future Financial Wealth Managment LLC Acquires New Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Future Financial Wealth Managment LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 635 shares of the sporting goods retailer’s stock, valued at approximately $143,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in shares of DICK’S Sporting Goods by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock worth $342,984,000 after purchasing an additional 94,745 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of DICK’S Sporting Goods by 4.5% in the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock valued at $120,102,000 after acquiring an additional 34,942 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of DICK’S Sporting Goods by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock worth $118,621,000 after acquiring an additional 10,091 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of DICK’S Sporting Goods by 145.0% during the 3rd quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock worth $85,722,000 after purchasing an additional 467,243 shares during the period. Finally, Norges Bank acquired a new stake in DICK’S Sporting Goods in the 4th quarter valued at approximately $108,908,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity

In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Down 2.7 %

DICK’S Sporting Goods stock opened at $220.13 on Friday. The company has a market capitalization of $17.94 billion, a P/E ratio of 18.22, a PEG ratio of 2.65 and a beta of 1.62. 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, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $234.47. The stock has a 50-day simple moving average of $208.81 and a 200-day simple moving average of $184.68.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.40 earnings per share. Equities research analysts expect 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. Shareholders of record on Friday, June 14th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.00%. DICK’S Sporting Goods’s dividend payout ratio is presently 36.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DKS shares. Jefferies Financial Group began coverage on DICK’S Sporting Goods in a research note on Friday, April 12th. They set a “hold” rating and a $211.00 price target on the stock. Citigroup boosted their price target on shares of DICK’S Sporting Goods from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Williams Trading raised shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and raised their price objective for the company from $154.00 to $235.00 in a research note on Thursday, March 14th. JPMorgan Chase & Co. upped their target price on shares of DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Finally, The Goldman Sachs Group raised their price target on shares of DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus price target of $237.09.

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.