Ashton Thomas Private Wealth LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 368 shares of the sporting goods retailer’s stock, valued at approximately $79,000.
Several other institutional investors have also modified their holdings of DKS. Private Advisor Group LLC acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at about $216,000. BNP Paribas Financial Markets grew its position in shares of DICK’S Sporting Goods by 161.5% in the fourth quarter. BNP Paribas Financial Markets now owns 44,048 shares of the sporting goods retailer’s stock valued at $6,473,000 after purchasing an additional 27,202 shares during the period. Dimensional Fund Advisors LP grew its position in shares of DICK’S Sporting Goods by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock valued at $118,621,000 after purchasing an additional 10,091 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of DICK’S Sporting Goods by 136.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 7,363 shares of the sporting goods retailer’s stock valued at $1,082,000 after purchasing an additional 4,245 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of DICK’S Sporting Goods by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,370 shares of the sporting goods retailer’s stock valued at $1,965,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.
Insider Buying and Selling
In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the sale, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. 32.03% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
DICK’S Sporting Goods Price Performance
DICK’S Sporting Goods stock opened at $216.95 on Friday. The company’s 50 day simple moving average is $215.24 and its 200-day simple moving average is $209.32. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $239.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77.
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last announced its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the prior year, the firm earned $2.82 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.
DICK’S Sporting Goods Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 19th. DICK’S Sporting Goods’s payout ratio is currently 36.42%.
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.
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