728 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Bought by Register Financial Advisors LLC

Register Financial Advisors LLC purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 728 shares of the sporting goods retailer’s stock, valued at approximately $164,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in DICK’S Sporting Goods by 280.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after acquiring an additional 140 shares in the last quarter. Rise Advisors LLC raised its stake in DICK’S Sporting Goods by 163.9% during the 1st quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock worth $57,000 after acquiring an additional 159 shares in the last quarter. Blue Trust Inc. raised its stake in DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after acquiring an additional 206 shares in the last quarter. Capital Analysts LLC raised its stake in DICK’S Sporting Goods by 132.5% during the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after acquiring an additional 257 shares in the last quarter. Finally, Allworth Financial LP increased its stake in DICK’S Sporting Goods by 2,505.3% in the fourth quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock valued at $73,000 after purchasing an additional 476 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on DKS. JPMorgan Chase & Co. lifted their price objective on shares of DICK’S Sporting Goods from $197.00 to $211.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Evercore ISI boosted their price objective on shares of DICK’S Sporting Goods from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Williams Trading raised shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and upped their price target for the company from $154.00 to $235.00 in a report on Thursday, March 14th. Gordon Haskett upped their price target on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $245.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, May 29th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $237.09.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $214.86 on Friday. The company has a market capitalization of $17.51 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.41 and a beta of 1.62. The firm has a fifty day simple moving average of $209.20 and a 200-day simple moving average of $185.20. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $234.47.

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

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, June 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.05%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.42%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.03% of the stock is currently owned by insiders.

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.