156 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Bought by Richardson Financial Services Inc.

Richardson Financial Services Inc. bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 156 shares of the sporting goods retailer’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of DICK’S Sporting Goods by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after buying an additional 166,687 shares in the last quarter. Renaissance Technologies LLC boosted its position in DICK’S Sporting Goods by 51.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after acquiring an additional 375,600 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DICK’S Sporting Goods by 15.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock worth $167,683,000 after acquiring an additional 102,609 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of DICK’S Sporting Goods by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer’s stock valued at $164,341,000 after purchasing an additional 11,792 shares during the last quarter. Finally, Norges Bank acquired a new position in DICK’S Sporting Goods during the fourth quarter worth $108,908,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DKS opened at $215.33 on Friday. 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 company has a market capitalization of $17.55 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. The business has a fifty day simple moving average of $215.97 and a 200 day simple moving average of $210.02. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results 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. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business 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 company posted $2.82 earnings per share. DICK’S Sporting Goods’s revenue was up 7.6% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.42%.

Insider Activity at DICK’S Sporting Goods

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

Analyst Ratings Changes

Several equities research analysts have commented on DKS shares. Telsey Advisory Group boosted their price target on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Barclays upped their target price on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Oppenheimer boosted their price target on DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. TD Cowen upped their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Citigroup decreased their target price on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.