Axa S.A. acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) 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 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.
Read Our Latest Stock Report on DICK’S Sporting Goods
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.
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