Alpha DNA Investment Management LLC Acquires 619 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Alpha DNA Investment Management LLC boosted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 19.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,735 shares of the sporting goods retailer’s stock after acquiring an additional 619 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $802,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DKS. Renaissance Technologies LLC grew its stake in shares of DICK’S Sporting Goods by 51.4% in the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after purchasing an additional 375,600 shares during the last quarter. Vanguard Group Inc. grew its position in shares of DICK’S Sporting Goods by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock valued at $1,209,892,000 after buying an additional 166,687 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of DICK’S Sporting Goods by 5,379.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock valued at $37,724,000 after buying an additional 164,706 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of DICK’S Sporting Goods by 15.1% in the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock valued at $167,683,000 after buying an additional 102,609 shares during the period. Finally, Distillate Capital Partners LLC bought a new position in shares of DICK’S Sporting Goods during the second quarter worth about $13,363,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Trading Up 0.7 %

DKS opened at $216.87 on Wednesday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $239.30. The firm has a market capitalization of $17.66 billion, a PE ratio of 17.95, a P/E/G ratio of 2.45 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The company’s 50-day moving average is $215.70 and its 200 day moving average is $211.19.

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 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 company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.82 earnings per share. As a group, research analysts predict that DICK’S Sporting Goods, Inc. will post 13.9 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 issued 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 of this dividend is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is 36.42%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DKS. Morgan Stanley increased their target price on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Barclays lifted their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. UBS Group upped 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. 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, September 5th. Finally, Truist Financial upped their target price on DICK’S Sporting Goods from $243.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

Insider Transactions at DICK’S Sporting Goods

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the transaction, the director now directly owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Company 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.