DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,823 shares of the sporting goods retailer’s stock after purchasing an additional 1,396 shares during the quarter. Van ECK Associates Corp’s holdings in DICK’S Sporting Goods were worth $2,325,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DKS. Banque Cantonale Vaudoise acquired a new position in DICK’S Sporting Goods in the second quarter valued at $1,355,000. Commonwealth Equity Services LLC raised its holdings in shares of DICK’S Sporting Goods by 69.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 57,072 shares of the sporting goods retailer’s stock worth $12,262,000 after purchasing an additional 23,406 shares during the period. WBI Investments LLC lifted its stake in shares of DICK’S Sporting Goods by 99.6% in the 2nd quarter. WBI Investments LLC now owns 7,701 shares of the sporting goods retailer’s stock valued at $1,655,000 after purchasing an additional 3,843 shares in the last quarter. Bank OZK purchased a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $1,281,000. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of DICK’S Sporting Goods by 10.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 26,034 shares of the sporting goods retailer’s stock worth $5,593,000 after purchasing an additional 2,424 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods 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 completion of the transaction, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 32.03% of the stock is currently owned by insiders.

DICK’S Sporting Goods Stock Down 3.2 %

DKS stock opened at $208.04 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. The firm has a 50 day simple moving average of $214.27 and a 200-day simple moving average of $207.70. The company has a market capitalization of $16.95 billion, a P/E ratio of 17.22, a PEG ratio of 2.59 and a beta of 1.65. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.60. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 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 7.6% compared to the same quarter last year. During the same period last year, the business earned $2.82 EPS. On average, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.8 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 19th. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Wall Street Analyst Weigh In

DKS has been the topic of several research reports. Bank of America raised their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday. Loop Capital lifted their target price on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a report on Thursday. Oppenheimer upped their price target on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. DA Davidson reissued a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday. Finally, Evercore ISI restated an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $244.43.

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.