Pictet Asset Management SA lifted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 5.8% in the first quarter, Holdings Channel reports. The firm owned 7,097 shares of the sporting goods retailer’s stock after buying an additional 386 shares during the period. Pictet Asset Management SA’s holdings in DICK’S Sporting Goods were worth $1,007,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Ridgewood Investments LLC purchased a new stake in shares of DICK’S Sporting Goods in the first quarter valued at approximately $28,000. Heritage Wealth Management LLC boosted its holdings in shares of DICK’S Sporting Goods by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 216 shares of the sporting goods retailer’s stock valued at $26,000 after purchasing an additional 108 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in shares of DICK’S Sporting Goods by 60.0% in the first quarter. Deseret Mutual Benefit Administrators now owns 288 shares of the sporting goods retailer’s stock valued at $41,000 after purchasing an additional 108 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $39,000. Finally, Money Concepts Capital Corp boosted its holdings in shares of DICK’S Sporting Goods by 176.8% in the fourth quarter. Money Concepts Capital Corp now owns 562 shares of the sporting goods retailer’s stock valued at $68,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 69.98% of the company’s stock.
DICK’S Sporting Goods Stock Performance
NYSE DKS opened at $111.67 on Friday. The stock has a 50-day simple moving average of $135.59 and a two-hundred day simple moving average of $136.38. The firm has a market capitalization of $9.63 billion, a P/E ratio of 9.91, a PEG ratio of 1.91 and a beta of 1.43. DICK’S Sporting Goods, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $152.61. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.76 and a current ratio of 1.81.
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last released its quarterly earnings data on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.24 billion. DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.68 EPS. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 11.79 earnings per share for the current year.
DICK’S Sporting Goods Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, September 14th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.58%. DICK’S Sporting Goods’s payout ratio is currently 35.49%.
Insider Buying and Selling at DICK’S Sporting Goods
In other news, SVP John Edward Hayes III sold 1,733 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $136.66, for a total transaction of $236,831.78. Following the sale, the senior vice president now directly owns 18,416 shares in the company, valued at approximately $2,516,730.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP John Edward Hayes III sold 1,733 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $136.66, for a total transaction of $236,831.78. Following the sale, the senior vice president now directly owns 18,416 shares in the company, valued at approximately $2,516,730.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Navdeep Gupta sold 16,321 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $136.28, for a total value of $2,224,225.88. Following the sale, the chief financial officer now owns 97,012 shares in the company, valued at $13,220,795.36. The disclosure for this sale can be found here. Company insiders own 30.79% of the company’s stock.
Analyst Ratings Changes
DKS has been the subject of a number of analyst reports. StockNews.com initiated coverage on DICK’S Sporting Goods in a report on Thursday, August 17th. They set a “hold” rating for the company. Morgan Stanley lowered their target price on DICK’S Sporting Goods from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday. Oppenheimer lowered their target price on DICK’S Sporting Goods from $175.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday. Citigroup lowered their target price on DICK’S Sporting Goods from $153.00 to $118.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company lowered their target price on DICK’S Sporting Goods from $140.00 to $115.00 and set an “equal weight” rating for the company in a report on Wednesday. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Hold” and a consensus price target of $143.17.
Check Out Our Latest Stock Report on DKS
About DICK’S Sporting Goods
DICK’S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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