427 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Purchased by Quest Partners LLC

Quest Partners LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 427 shares of the sporting goods retailer’s stock, valued at approximately $92,000.

Several other institutional investors also recently added to or reduced their stakes in DKS. V Square Quantitative Management LLC acquired a new stake in shares of DICK’S Sporting Goods in the first quarter worth $25,000. Covestor Ltd boosted its holdings in 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 purchasing an additional 55 shares during the period. ORG Partners LLC acquired a new stake in DICK’S Sporting Goods in the 2nd quarter worth $30,000. Innealta Capital LLC bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth about $31,000. Finally, Versant Capital Management Inc increased 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 during the period. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $213.13 on Wednesday. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. The firm has a market cap of $17.37 billion, a P/E ratio of 17.64, a P/E/G ratio of 2.39 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The business’s fifty day moving average is $215.46 and its two-hundred day moving average is $209.78.

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, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The company’s revenue was up 7.6% on a year-over-year basis. Equities 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 19th. DICK’S Sporting Goods’s dividend payout ratio is 36.42%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus lifted their target price on DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. UBS Group lifted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. JPMorgan Chase & Co. upped their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Robert W. Baird reiterated a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. Finally, Bank of America increased their price objective on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the sale, the director now owns 5,609 shares in the company, valued at $1,159,099.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate 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.