Edge Capital Group LLC Has $9.17 Million Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Edge Capital Group LLC lowered its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 42.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,700 shares of the sporting goods retailer’s stock after selling 31,473 shares during the quarter. Edge Capital Group LLC owned 0.05% of DICK’S Sporting Goods worth $9,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. ICA Group Wealth Management LLC bought a new position in DICK’S Sporting Goods during the 2nd quarter worth $28,000. Covestor Ltd lifted its stake in shares of DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after acquiring an additional 55 shares during the period. Innealta Capital LLC bought a new stake in DICK’S Sporting Goods in the second quarter valued at approximately $31,000. ORG Partners LLC bought a new stake in DICK’S Sporting Goods in the second quarter valued at approximately $30,000. Finally, Richardson Financial Services Inc. acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at approximately $34,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 0.8 %

DKS stock opened at $212.52 on Friday. The firm has a market capitalization of $17.32 billion, a PE ratio of 17.59, a P/E/G ratio of 2.39 and a beta of 1.64. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $239.30. The stock’s 50 day moving average is $215.89 and its 200-day moving average is $210.49.

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

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $4.40 annualized dividend and a yield of 2.07%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.42%.

Analyst Ratings Changes

A number of research firms have recently commented on DKS. UBS Group upped their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Citigroup lowered their price objective on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Stifel Nicolaus boosted their price objective on DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Morgan Stanley raised their target price on DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Finally, DA Davidson reissued a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

Insiders Place Their Bets

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods 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 sale, the director now directly owns 5,609 shares in the company, valued at $1,159,099.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 32.03% of the company’s stock.

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.