Ashton Thomas Private Wealth LLC Acquires Shares of 368 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Ashton Thomas Private Wealth LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) 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

Several analysts have recently issued reports on the stock. TD Cowen lifted their target price on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Barclays boosted their price target on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Loop Capital boosted their price target on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Evercore ISI restated an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Finally, Morgan Stanley boosted their price target 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. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

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) 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.