NBT Bank N A NY Reduces Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

NBT Bank N A NY reduced its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,497 shares of the sporting goods retailer’s stock after selling 62 shares during the quarter. NBT Bank N A NY’s holdings in DICK’S Sporting Goods were worth $966,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DKS. V Square Quantitative Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the first quarter valued at approximately $25,000. Covestor Ltd lifted 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 worth $30,000 after buying an additional 55 shares during the period. Innealta Capital LLC bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth $31,000. ORG Partners LLC purchased a new position in shares of DICK’S Sporting Goods during the second quarter valued at $30,000. Finally, Versant Capital Management Inc raised its holdings in shares of DICK’S Sporting Goods by 222.6% in the second quarter. Versant Capital Management Inc now owns 171 shares of the sporting goods retailer’s stock valued at $37,000 after acquiring an additional 118 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DKS. Evercore ISI boosted their price objective on shares of 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. Telsey Advisory Group boosted their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group raised their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. DA Davidson increased their price target on shares of DICK’S Sporting Goods from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Wedbush raised their price target on shares of DICK’S Sporting Goods from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $242.48.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction on 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 in the company, valued at $1,159,099.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock traded up $1.90 during trading hours on Friday, hitting $236.96. 1,087,115 shares of the stock traded hands, compared to its average volume of 1,110,669. The firm’s 50 day moving average price is $214.34 and its 200-day moving average price is $205.81. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 0.65. The stock has a market capitalization of $19.31 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 2.26 and a beta of 1.65. 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 issued its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the firm earned $3.40 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.76 EPS 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.