Bradley Foster & Sargent Inc. CT increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE: DKS – Get Rating) by 47.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,345 shares of the sporting goods retailer’s stock after buying an additional 2,350 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in DICK’S Sporting Goods were worth $ 845,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC increased its position in DICK’S Sporting Goods by 32.4% during the first quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock worth $ 52,679,000 after purchasing an additional 350,515 shares during the last quarter. Morgan Stanley lifted its position in shares of DICK’S Sporting Goods by 27.7% during the 2nd quarter. Morgan Stanley now owns 433,401 shares of the sporting goods retailer’s stock worth $ 43,423,000 after buying an additional 93,962 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of DICK’S Sporting Goods by 0.7% in the 3rd quarter. California State Teachers Retirement System now owns 108,436 shares of the sporting goods retailer’s stock valued at $ 12,987,000 after acquiring an additional 761 shares during the period. MML Investors Services LLC increased its holdings in shares of DICK’S Sporting Goods by 3.5% in the 3rd quarter. MML Investors Services LLC now owns 10,142 shares of the sporting goods retailer’s stock valued at $ 1,215,000 after acquiring an additional 346 shares during the period. Finally, LPL Financial LLC increased its stake in DICK’S Sporting Goods by 100.0% in the 3rd quarter. LPL Financial LLC now owns 50,003 shares of the sporting goods retailer’s stock valued at $ 5,989,000 after buying an additional 25,005 shares during the period. 78.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE DKS opened at $ 73.83 on Monday. DICK’S Sporting Goods, Inc. has a 1-year low of $ 63.45 and a 1-year high of $ 147.39. The stock has a fifty day simple moving average of $ 89.47 and a two-hundred day simple moving average of $ 102.07. The company has a current ratio of 1.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89. The firm has a market cap of $ 5.95 billion, a price-to-earnings ratio of 5.71, a price-to-earnings-growth ratio of 1.38 and a beta of 1.61.
DICK’S Sporting Goods (NYSE: DKS – Get Rating) last issued its quarterly earnings data on Wednesday, May 25th. The sporting goods retailer reported $ 2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 2.42 by $ 0.43. DICK’S Sporting Goods had a return on equity of 58.42% and a net margin of 11.75%. The company had revenue of $ 2.70 billion for the quarter, compared to the estimate consensus of $ 2.63 billion. During the same quarter last year, the business posted $ 3.79 earnings per share. The firm’s revenue was down 7.5% compared to the same quarter last year. Analysts forecast that DICK’S Sporting Goods, Inc. will post 10.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be paid a $ 0.488 dividend. The ex-dividend date is Thursday, June 9th. This represents a $ 1.95 annualized dividend and a dividend yield of 2.64%. DICK’S Sporting Goods’s payout ratio is presently 15.07%.
In other DICK’S Sporting Goods news, EVP Donald J. Germano sold 54,210 shares of the business’s stock in a transaction on Tuesday, April 5th. The shares were sold at an average price of $ 99.68, for a total transaction of $ 5,403,652.80. Following the completion of the sale, the executive vice president now directly owns 91,269 shares in the company, valued at approximately $ 9,097,693.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Navdeep Gupta sold 9,614 shares of the business’s stock in a transaction on Friday, April 8th. The shares were sold at an average price of $ 104.13, for a total transaction of $ 1,001,105.82. Following the sale, the chief financial officer now owns 95,272 shares of the company stock, valued at $ 9,920,673.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,848 shares of company stock worth $ 14,967,859. Insiders own 32.83% of the company stock.
A number of research analysts have issued reports on the stock. Wedbush reduced their target price on shares of DICK’S Sporting Goods from $ 140.00 to $ 110.00 in a report on Thursday, May 26th. Citigroup reduced their target price on DICK’S Sporting Goods from $ 170.00 to $ 132.00 and set a “buy” rating for the company in a research note on Thursday, May 26th. OTR Global cut DICK’S Sporting Goods to a “positive” rating in a research note on Wednesday, May 18th. Barclays dropped their target price on DICK’S Sporting Goods from $ 134.00 to $ 106.00 and set an “overweight” rating on the stock in a research report on Thursday, May 26th. Finally, StockNews.com assumed coverage on DICK’S Sporting Goods in a report on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company stock. According to data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Hold” and an average price target of $ 117.41.
DICK’S Sporting Goods Company Profile: (Get Rating)
DICK’S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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