DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Position Reduced by Brighton Jones LLC

Brighton Jones LLC decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 8,486 shares of the sporting goods retailer’s stock after selling 114 shares during the period. Brighton Jones LLC’s holdings in DICK’S Sporting Goods were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. ICA Group Wealth Management LLC acquired a new position in DICK’S Sporting Goods in the second quarter worth $28,000. Covestor Ltd boosted its holdings in shares of DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares during the period. Innealta Capital LLC bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $31,000. ORG Partners LLC bought a new position in DICK’S Sporting Goods in the second quarter worth about $30,000. Finally, Richardson Financial Services Inc. acquired a new position in DICK’S Sporting Goods in the second quarter valued at approximately $34,000. 89.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on DKS. Telsey Advisory Group raised their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Wells Fargo & Company reduced their price target 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. Oppenheimer increased their price objective on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. DA Davidson reiterated 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, Evercore ISI restated an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $244.62.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $212.47 on Friday. 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 business’s 50-day moving average price is $216.08 and its 200 day moving average price is $210.06. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $239.30. The firm has a market cap of $17.31 billion, a P/E ratio of 17.59, 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the company posted $2.82 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid 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 is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is presently 36.42%.

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.