1,041 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,041 shares of the sporting goods retailer’s stock, valued at approximately $234,000.

A number of other institutional investors have also recently added to or reduced their stakes in DKS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in DICK’S Sporting Goods by 280.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after purchasing an additional 140 shares during the period. Blue Trust Inc. lifted its position in shares of DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock valued at $43,000 after acquiring an additional 206 shares during the last quarter. Rise Advisors LLC lifted its position in shares of DICK’S Sporting Goods by 163.9% during the 1st quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock valued at $57,000 after acquiring an additional 159 shares during the last quarter. Capital Analysts LLC lifted its position in shares of DICK’S Sporting Goods by 132.5% during the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock valued at $66,000 after acquiring an additional 257 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of DICK’S Sporting Goods by 2,505.3% during the 4th quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock valued at $73,000 after acquiring an additional 476 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. DA Davidson increased their price objective on DICK’S Sporting Goods from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Jefferies Financial Group assumed coverage on DICK’S Sporting Goods in a research report on Friday, April 12th. They set a “hold” rating and a $211.00 price objective for the company. Oppenheimer increased their price objective on DICK’S Sporting Goods from $240.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Evercore ISI increased their price objective on DICK’S Sporting Goods from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Finally, Bank of America upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their target price for the company from $225.00 to $240.00 in a report on Wednesday, May 29th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $237.09.

Check Out Our Latest Stock Analysis on DICK’S Sporting Goods

DICK’S Sporting Goods Stock Up 0.8 %

DICK’S Sporting Goods stock traded up $1.88 during mid-day trading on Thursday, hitting $229.55. 1,159,365 shares of the company’s stock were exchanged, compared to its average volume of 1,160,302. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. The stock has a market cap of $18.71 billion, a P/E ratio of 18.85, a P/E/G ratio of 2.68 and a beta of 1.62. DICK’S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year high of $234.47. The stock has a 50 day moving average of $205.60 and a two-hundred day moving average of $181.30.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last posted its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $2.94 by $0.36. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.40 earnings per share. As a group, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, June 14th. DICK’S Sporting Goods’s payout ratio is presently 36.42%.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at $3,664,218.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $221.78, for a total value of $482,371.50. Following the completion of the sale, the senior vice president now owns 11,051 shares in the company, valued at $2,450,890.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Julie Lodge-Jarrett sold 4,910 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,297 shares of company stock worth $5,171,547. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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