Ashton Thomas Private Wealth LLC Makes New Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Ashton Thomas Private Wealth LLC purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, Holdings Channel reports. The firm purchased 368 shares of the sporting goods retailer’s stock, valued at approximately $79,000.

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

Insider Activity at DICK’S Sporting Goods

In related 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 sale, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 32.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DKS shares. Wells Fargo & Company decreased their price target on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. UBS Group increased their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Oppenheimer increased 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 note on Thursday, May 30th. Bank of America increased their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Morgan Stanley increased their price target on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” 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’s stock. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $216.95 on Friday. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. The company’s 50-day moving average price is $215.24 and its 200 day moving average price is $209.32. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51.

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

DICK’S Sporting Goods Dividend Announcement

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

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.