Axa S.A. Invests $646,000 in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Axa S.A. acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,008 shares of the sporting goods retailer’s stock, valued at approximately $646,000.

Several other hedge funds have also recently bought and sold shares of DKS. ICA Group Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods during the second quarter valued at approximately $28,000. Covestor Ltd raised its stake in DICK’S Sporting Goods by 70.5% during the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. ORG Partners LLC acquired a new position in DICK’S Sporting Goods during the 2nd quarter worth $30,000. Innealta Capital LLC acquired a new position in DICK’S Sporting Goods during the 2nd quarter worth $31,000. Finally, Richardson Financial Services Inc. bought a new position in shares of DICK’S Sporting Goods in the second quarter worth $34,000. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Price Performance

DKS opened at $205.56 on Wednesday. The stock has a fifty day moving average price of $215.76 and a 200 day moving average price of $211.73. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $239.30. The stock has a market cap of $16.75 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.82 earnings per share. Analysts forecast that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is presently 36.42%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this link. Company insiders own 32.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DKS shares. Barclays lifted their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. TD Cowen increased their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Robert W. Baird reissued a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Evercore ISI restated an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Finally, Wells Fargo & Company lowered their price target on 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

About DICK’S Sporting Goods

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.