Register Financial Advisors LLC Makes New Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Register Financial Advisors LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 728 shares of the sporting goods retailer’s stock, valued at approximately $164,000.

A number of other large investors have also recently added to or reduced their stakes in DKS. Norges Bank bought a new stake in DICK’S Sporting Goods during the fourth quarter worth approximately $108,908,000. AQR Capital Management LLC boosted its position in DICK’S Sporting Goods by 145.0% during the third quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock worth $85,722,000 after purchasing an additional 467,243 shares during the period. Wedge Capital Management L L P NC bought a new stake in DICK’S Sporting Goods during the fourth quarter worth approximately $47,196,000. Invesco Ltd. boosted its position in DICK’S Sporting Goods by 230.0% during the third quarter. Invesco Ltd. now owns 427,767 shares of the sporting goods retailer’s stock worth $46,447,000 after purchasing an additional 298,121 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in DICK’S Sporting Goods by 24,818.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 174,429 shares of the sporting goods retailer’s stock worth $18,940,000 after purchasing an additional 173,729 shares during the period. Institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, 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 in the company, valued at $3,664,218.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $214.86 on Friday. The stock has a 50-day moving average price of $209.20 and a 200 day moving average price of $185.20. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.41 and a beta of 1.62. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $234.47.

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

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.42%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DKS. Bank of America raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $240.00 in a research report on Wednesday, May 29th. Williams Trading raised DICK’S Sporting Goods from a “hold” rating to a “buy” rating and increased their price objective for the company from $154.00 to $235.00 in a research report on Thursday, March 14th. Jefferies Financial Group began coverage on DICK’S Sporting Goods in a research report on Friday, April 12th. They issued a “hold” rating and a $211.00 price objective for 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. Finally, 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. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $237.09.

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.