Headlands Technologies LLC Purchases 1,249 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Headlands Technologies LLC grew its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4,163.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,279 shares of the sporting goods retailer’s stock after buying an additional 1,249 shares during the period. Headlands Technologies LLC’s holdings in DICK’S Sporting Goods were worth $275,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in DICK’S Sporting Goods during the 1st quarter worth $25,000. Covestor Ltd increased its position in DICK’S Sporting Goods by 70.5% during the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares during the period. Innealta Capital LLC bought a new position in DICK’S Sporting Goods during the 2nd quarter worth $31,000. ORG Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth $30,000. Finally, Versant Capital Management Inc grew its holdings in shares of DICK’S Sporting Goods by 222.6% during the 2nd quarter. Versant Capital Management Inc now owns 171 shares of the sporting goods retailer’s stock worth $37,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DKS. Truist Financial increased their target price on DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Loop Capital increased their target price on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. DA Davidson reissued a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $217.00 on Friday. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $17.68 billion, a PE ratio of 17.96, a P/E/G ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $239.30. The stock has a 50-day moving average price of $215.24 and a two-hundred day moving average price of $209.09.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating the consensus estimate of $3.77 by $0.60. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company earned $2.82 earnings per share. Analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, September 19th. DICK’S Sporting Goods’s dividend payout ratio is presently 36.42%.

Insiders Place Their Bets

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 32.03% of the company’s stock.

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.