Innealta Capital LLC Invests $31,000 in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Innealta Capital LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 145 shares of the sporting goods retailer’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $108,908,000. Vanguard Group Inc. lifted its position in DICK’S Sporting Goods by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock valued at $1,209,892,000 after acquiring an additional 166,687 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in DICK’S Sporting Goods by 5,379.0% in the first quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock valued at $37,724,000 after acquiring an additional 164,706 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $19,219,000. Finally, Todd Asset Management LLC increased its position in shares of DICK’S Sporting Goods by 129.6% during the fourth quarter. Todd Asset Management LLC now owns 144,050 shares of the sporting goods retailer’s stock worth $21,168,000 after purchasing an additional 81,313 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on DKS. Telsey Advisory Group upped their target price on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday. Evercore ISI increased their price objective on DICK’S Sporting Goods from $240.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Loop Capital cut their target price on shares of DICK’S Sporting Goods from $230.00 to $200.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Stifel Nicolaus increased their price target on shares of DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Finally, TD Cowen raised their price objective on shares of DICK’S Sporting Goods from $224.00 to $266.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $242.48.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $237.05 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods, Inc. has a 12-month low of $100.98 and a 12-month high of $239.30. The company has a market cap of $19.32 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65. The stock has a 50 day simple moving average of $214.34 and a 200-day simple moving average of $205.81.

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

Insider Buying and Selling

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

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.