Choreo LLC Takes $288,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Choreo LLC purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,402 shares of the sporting goods retailer’s stock, valued at approximately $288,000.

Several other large investors also recently bought and sold shares of DKS. Covestor Ltd raised its holdings in shares of 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 acquiring an additional 55 shares during the period. ORG Partners LLC acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $30,000. Innealta Capital LLC acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $31,000. Versant Capital Management Inc grew its stake 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 during the period. Finally, Ridgewood Investments LLC acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DKS shares. Telsey Advisory Group increased their price objective on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Bank of America raised their price objective on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. UBS Group lifted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Finally, DA Davidson restated a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Ten 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, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Stock Down 0.4 %

Shares of DICK’S Sporting Goods stock opened at $212.51 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $239.30. The company has a market capitalization of $17.32 billion, a P/E ratio of 17.59, a P/E/G ratio of 2.39 and a beta of 1.64. The company has a 50 day moving average of $215.70 and a 200 day moving average of $210.01.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the firm posted $2.82 earnings per share. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

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 that occurred 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 transaction, the director now directly owns 5,609 shares in the company, valued at $1,159,099.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.03% of the stock is owned by company insiders.

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.