DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,045 shares of the sporting goods retailer’s stock after selling 57 shares during the quarter. International Assets Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank OZK acquired a new position in DICK’S Sporting Goods in the second quarter valued at $1,281,000. Crossmark Global Holdings Inc. boosted its holdings in DICK’S Sporting Goods by 10.3% in the second quarter. Crossmark Global Holdings Inc. now owns 26,034 shares of the sporting goods retailer’s stock valued at $5,593,000 after acquiring an additional 2,424 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in DICK’S Sporting Goods by 5.5% in the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock valued at $51,446,000 after acquiring an additional 12,396 shares during the last quarter. Crewe Advisors LLC acquired a new position in DICK’S Sporting Goods in the second quarter valued at $54,000. Finally, TrueMark Investments LLC acquired a new position in DICK’S Sporting Goods in the second quarter valued at $616,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction that occurred 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 sale, the director now 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 available at this link. 32.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DKS has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Telsey Advisory Group lifted their target price on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a report on Friday. Evercore ISI boosted their price objective on DICK’S Sporting Goods from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Wedbush boosted their price objective on DICK’S Sporting Goods from $230.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Barclays boosted their price objective on DICK’S Sporting Goods from $231.00 to $247.00 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.48.

DICK’S Sporting Goods Trading Up 0.8 %

NYSE:DKS opened at $236.96 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $239.30. The business’s 50-day simple moving average is $214.34 and its 200 day simple moving average is $206.09. The stock has a market cap of $19.31 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $2.94 by $0.36. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $3.40 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current fiscal year.

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.