1,439 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Acquired by American Trust

American Trust bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,439 shares of the sporting goods retailer’s stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sanctuary Advisors LLC bought a new stake in DICK’S Sporting Goods during the second quarter valued at about $15,129,000. Cetera Investment Advisers boosted its holdings in shares of DICK’S Sporting Goods by 54.6% in the 2nd quarter. Cetera Investment Advisers now owns 11,672 shares of the sporting goods retailer’s stock valued at $2,508,000 after buying an additional 4,124 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of DICK’S Sporting Goods by 1.1% in the 2nd quarter. Truist Financial Corp now owns 18,055 shares of the sporting goods retailer’s stock valued at $3,879,000 after buying an additional 198 shares in the last quarter. Creative Planning grew its position in shares of DICK’S Sporting Goods by 2.6% in the 2nd quarter. Creative Planning now owns 16,775 shares of the sporting goods retailer’s stock worth $3,604,000 after buying an additional 425 shares during the last quarter. Finally, Scientech Research LLC raised its stake in shares of DICK’S Sporting Goods by 525.2% during the 2nd quarter. Scientech Research LLC now owns 14,579 shares of the sporting goods retailer’s stock worth $3,132,000 after acquiring an additional 12,247 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DKS. DA Davidson restated a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Telsey Advisory Group boosted their target price on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Citigroup decreased their price target on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Wedbush restated a “neutral” rating and set a $250.00 price objective 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 issued a buy rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Stock Down 0.1 %

DICK’S Sporting Goods stock opened at $205.29 on Thursday. The business’s 50-day moving average price is $215.84 and its 200 day moving average price is $211.68. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The firm has a market cap of $16.73 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 2.45 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.

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 business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter last year, the company earned $2.82 EPS. The business’s revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current 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 given a $1.10 dividend. The ex-dividend date is Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.14%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.42%.

Insider Transactions at DICK’S Sporting Goods

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the transaction, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.