DICK’S Sporting Goods, Inc. (NYSE:DKS) Holdings Lifted by Scientech Research LLC

Scientech Research LLC increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 525.2% during the 2nd quarter, Holdings Channel reports. The firm owned 14,579 shares of the sporting goods retailer’s stock after purchasing an additional 12,247 shares during the quarter. DICK’S Sporting Goods makes up approximately 0.6% of Scientech Research LLC’s holdings, making the stock its 8th largest holding. Scientech Research LLC’s holdings in DICK’S Sporting Goods were worth $3,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in DICK’S Sporting Goods during the second quarter worth about $28,000. Covestor Ltd boosted its holdings in 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 purchasing an additional 55 shares during the last quarter. Innealta Capital LLC purchased a new position in DICK’S Sporting Goods during the second quarter worth about $31,000. ORG Partners LLC purchased a new position in DICK’S Sporting Goods during the second quarter worth about $30,000. Finally, Richardson Financial Services Inc. purchased a new position in DICK’S Sporting Goods during the second quarter worth about $34,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group boosted 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. Telsey Advisory Group boosted their target price on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Wells Fargo & Company dropped their target price on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Morgan Stanley boosted 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 note on Thursday, May 30th. Finally, Oppenheimer boosted their target price on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $244.62.

Insider Buying and Selling

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were 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 of the company’s stock, valued at approximately $1,159,099.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.03% of the stock is currently owned by insiders.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $217.23 on Friday. The firm’s 50 day simple moving average is $215.75 and its 200 day simple moving average is $211.26. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $17.70 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates 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%. DICK’S Sporting Goods’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 EPS. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors 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 is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) 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.