Bath Savings Trust Co Raises Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Bath Savings Trust Co increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 191.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,711 shares of the sporting goods retailer’s stock after purchasing an additional 3,093 shares during the period. Bath Savings Trust Co’s holdings in DICK’S Sporting Goods were worth $983,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC purchased a new stake in DICK’S Sporting Goods during the fourth quarter valued at approximately $499,000. Redwood Investment Management LLC acquired a new stake in DICK’S Sporting Goods in the 4th quarter valued at $6,039,000. Kingfisher Capital LLC acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at about $3,851,000. Clear Street Markets LLC acquired a new stake in DICK’S Sporting Goods in the 4th quarter worth about $412,000. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of DICK’S Sporting Goods by 87.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 118,192 shares of the sporting goods retailer’s stock worth $17,368,000 after purchasing an additional 55,000 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DKS. Robert W. Baird reaffirmed a “neutral” rating and set a $235.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. DA Davidson reaffirmed a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Bank of America raised their price target on 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. Telsey Advisory Group raised their price objective on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Finally, Citigroup decreased their target price on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

Insider Activity

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 stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now owns 5,609 shares in the company, valued at $1,159,099.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $206.09 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The stock has a market cap of $16.79 billion, a P/E ratio of 17.06, a P/E/G ratio of 2.45 and a beta of 1.62. The stock has a 50 day moving average of $216.03 and a two-hundred day moving average of $211.46. 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 posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the company posted $2.82 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

DICK’S Sporting Goods 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.