Brighton Jones LLC Decreases Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Brighton Jones LLC reduced its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,486 shares of the sporting goods retailer’s stock after selling 114 shares during the quarter. Brighton Jones LLC’s holdings in DICK’S Sporting Goods were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of DKS. ICA Group Wealth Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $28,000. Covestor Ltd raised its stake in DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. ORG Partners LLC purchased a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $30,000. Innealta Capital LLC acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $31,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of DICK’S Sporting Goods during the second quarter worth about $34,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the topic of a number of analyst reports. Truist Financial raised their target price on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Telsey Advisory Group raised their price objective on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. DA Davidson reiterated a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Robert W. Baird reiterated a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Finally, TD Cowen lifted their price target on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Trading Down 1.4 %

DKS opened at $212.47 on Friday. The firm’s 50 day moving average is $216.08 and its 200-day moving average is $210.06. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $239.30. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $17.31 billion, a P/E ratio of 17.59, a P/E/G ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.60. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 EPS. 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 firm also recently declared 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 2.07%. The ex-dividend date of this dividend is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

Insider Buying and Selling at DICK’S Sporting Goods

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

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.