Distillate Capital Partners LLC Takes Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Distillate Capital Partners LLC bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 62,195 shares of the sporting goods retailer’s stock, valued at approximately $13,363,000. Distillate Capital Partners LLC owned approximately 0.08% of DICK’S Sporting Goods at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. TFO Wealth Partners LLC raised its stake in shares of DICK’S Sporting Goods by 37,250.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,241 shares of the sporting goods retailer’s stock worth $329,000 after purchasing an additional 2,235 shares in the last quarter. Franklin Resources Inc. boosted its position in DICK’S Sporting Goods by 22.0% during the fourth quarter. Franklin Resources Inc. now owns 118,140 shares of the sporting goods retailer’s stock worth $17,361,000 after purchasing an additional 21,342 shares during the period. Nomura Holdings Inc. bought a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $956,000. Russell Investments Group Ltd. raised its position in shares of DICK’S Sporting Goods by 12.5% in the first quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer’s stock valued at $22,009,000 after purchasing an additional 10,894 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of DICK’S Sporting Goods in the first quarter worth $7,690,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Oppenheimer lifted their target price on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. DA Davidson reiterated a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. UBS Group raised their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Finally, Barclays increased their price objective on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $244.62.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the transaction, the director now owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 32.03% of the stock is owned by company insiders.

DICK’S Sporting Goods Trading Up 1.3 %

DKS stock opened at $215.29 on Tuesday. The business has a fifty day moving average of $215.89 and a 200-day moving average of $210.94. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The company has a market cap of $17.54 billion, a P/E ratio of 17.82, a PEG ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate of $3.77 by $0.60. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. DICK’S Sporting Goods’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.82 EPS. As a group, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

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. The ex-dividend date is Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.04%. DICK’S Sporting Goods’s payout ratio is 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.