Oppenheimer & Co. Inc. Has $1.94 Million Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Oppenheimer & Co. Inc. boosted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 72.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 9,028 shares of the sporting goods retailer’s stock after buying an additional 3,778 shares during the period. Oppenheimer & Co. Inc.’s holdings in DICK’S Sporting Goods were worth $1,940,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DKS. V Square Quantitative Management LLC acquired a new position in DICK’S Sporting Goods in the 1st quarter valued at about $25,000. Covestor Ltd grew its stake in DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares during the last quarter. ORG Partners LLC acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $30,000. Innealta Capital LLC acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $31,000. Finally, Versant Capital Management Inc grew its stake in DICK’S Sporting Goods by 222.6% in the 2nd quarter. Versant Capital Management Inc now owns 171 shares of the sporting goods retailer’s stock valued at $37,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Activity

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $212.33 on Tuesday. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.39 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $215.46 and a 200 day simple moving average of $209.78. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating the consensus estimate of $3.77 by $0.60. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 EPS. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders 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 dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, September 19th. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of analyst reports. Stifel Nicolaus increased their target price on shares of DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Citigroup decreased their target price on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Bank of America increased their target price on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Morgan Stanley increased their target price on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Finally, Wells Fargo & Company decreased their target price on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research report on Monday, August 12th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus price target of $244.62.

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.