Oppenheimer & Co. Inc. Has $1.94 Million Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Oppenheimer & Co. Inc. lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 72.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,028 shares of the sporting goods retailer’s stock after buying an additional 3,778 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in DICK’S Sporting Goods were worth $1,940,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Covestor Ltd increased its position in shares of DICK’S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares during the period. Quent Capital LLC grew its holdings in DICK’S Sporting Goods by 0.6% in the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock worth $2,095,000 after purchasing an additional 57 shares during the period. US Bancorp DE grew its holdings in DICK’S Sporting Goods by 1.5% in the fourth quarter. US Bancorp DE now owns 4,901 shares of the sporting goods retailer’s stock worth $720,000 after purchasing an additional 71 shares during the period. Range Financial Group LLC grew its holdings in DICK’S Sporting Goods by 0.8% in the second quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer’s stock worth $2,017,000 after purchasing an additional 75 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in DICK’S Sporting Goods by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,370 shares of the sporting goods retailer’s stock worth $1,965,000 after purchasing an additional 87 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Down 2.1 %

DKS opened at $212.33 on Tuesday. 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 $215.46 and its 200 day moving average is $209.78. 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 $17.30 billion, a P/E ratio of 17.58, a PEG ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last announced 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 business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 earnings per share. Research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business 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. This represents a $4.40 annualized dividend and a yield of 2.07%. 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 have commented on DKS shares. Bank of America raised their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. UBS Group raised their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Wedbush restated a “neutral” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Evercore ISI reiterated an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, Wells Fargo & Company reduced their price objective on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods 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.