DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC boosted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 251.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,925 shares of the sporting goods retailer’s stock after purchasing an additional 1,378 shares during the quarter. Impact Partnership Wealth LLC’s holdings in DICK’S Sporting Goods were worth $413,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth $108,908,000. Vanguard Group Inc. increased its stake in shares of DICK’S Sporting Goods by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after acquiring an additional 166,687 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of DICK’S Sporting Goods by 5,379.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock worth $37,724,000 after acquiring an additional 164,706 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth $10,653,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of DICK’S Sporting Goods by 25,469.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 55,997 shares of the sporting goods retailer’s stock worth $8,229,000 after acquiring an additional 55,778 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction that occurred 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 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 is available through the SEC website. 32.03% of the stock is owned by company insiders.

Analyst Ratings Changes

DKS has been the subject of a number of research analyst reports. Citigroup lowered their price target on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday. Robert W. Baird reissued a “neutral” rating and set a $235.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. DA Davidson reissued a “buy” rating and set a $265.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday. Barclays raised their price objective on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Wedbush reissued a “neutral” rating and set a $250.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus price target of $244.43.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $214.85 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $239.30. The business has a 50-day simple moving average of $214.41 and a 200-day simple moving average of $207.43. The company has a market cap of $17.51 billion, a PE ratio of 17.79, a P/E/G ratio of 2.59 and a beta of 1.65.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the business earned $2.82 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.8 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 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.