DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Raymond James & Associates

Raymond James & Associates increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.1% during the second quarter, HoldingsChannel.com reports. The fund owned 29,467 shares of the sporting goods retailer’s stock after buying an additional 1,691 shares during the period. Raymond James & Associates’ holdings in DICK’S Sporting Goods were worth $6,331,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DKS. Norges Bank purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $108,908,000. Vanguard Group Inc. grew its holdings in DICK’S Sporting Goods by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock valued at $1,209,892,000 after buying an additional 166,687 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of DICK’S Sporting Goods by 5,379.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock worth $37,724,000 after acquiring an additional 164,706 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter worth $19,219,000. Finally, Victory Capital Management Inc. boosted its position in shares of DICK’S Sporting Goods by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock valued at $342,984,000 after acquiring an additional 94,745 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 0.5 %

Shares of NYSE DKS opened at $236.30 on Wednesday. The business has a 50-day moving average of $213.93 and a two-hundred day moving average of $204.90. The company has a market capitalization of $19.26 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $239.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 0.65.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on DKS. Truist Financial lifted 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 note on Thursday, May 30th. Telsey Advisory Group restated an “outperform” rating and issued a $245.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, May 29th. Evercore ISI increased their price target on DICK’S Sporting Goods from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Barclays boosted their price objective on shares of DICK’S Sporting Goods from $231.00 to $247.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Finally, TD Cowen increased their target price on shares of DICK’S Sporting Goods from $224.00 to $266.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $240.81.

Insiders Place Their Bets

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,664,218.08. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was 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 directly owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’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 owns 5,609 shares in the company, valued at approximately $1,159,099.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,400 shares of company stock valued at $1,811,336. 32.03% of the stock is owned by corporate insiders.

DICK’S Sporting Goods 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.