Perpetual Ltd Purchases New Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Perpetual Ltd purchased a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,379 shares of the sporting goods retailer’s stock, valued at approximately $310,000.

A number of other institutional investors also recently modified their holdings of DKS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of DICK’S Sporting Goods by 280.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock valued at $28,000 after buying an additional 140 shares in the last quarter. Blue Trust Inc. lifted its stake 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 buying an additional 206 shares in the last quarter. Rise Advisors LLC lifted its stake 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 buying an additional 159 shares in the last quarter. Capital Analysts LLC lifted its stake 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 buying an additional 257 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in DICK’S Sporting Goods by 2,505.3% in the 4th quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock worth $73,000 after purchasing an additional 476 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 32.03% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Price Performance

DKS stock opened at $229.34 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $234.47. The firm’s fifty day moving average is $206.57 and its 200 day moving average is $182.25. The firm has a market cap of $18.69 billion, a P/E ratio of 18.99, a P/E/G ratio of 2.68 and a beta of 1.62.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.36. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.40 EPS. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.40 annualized dividend and a yield of 1.92%. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Wall Street Analyst Weigh In

DKS has been the topic of several recent analyst reports. Robert W. Baird increased their target price on shares of DICK’S Sporting Goods from $225.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Gordon Haskett increased their target price on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. UBS Group increased their target price on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $245.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, May 29th. Finally, Loop Capital increased their target price on shares of DICK’S Sporting Goods from $150.00 to $220.00 and gave the stock a “hold” rating in a research note on Monday, March 18th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $237.09.

DICK’S Sporting Goods Company 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.