Foguth Wealth Management LLC. Takes Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Foguth Wealth Management LLC. bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,039 shares of the sporting goods retailer’s stock, valued at approximately $234,000.

Several other large investors have also recently modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in DICK’S Sporting Goods by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock valued at $342,984,000 after acquiring an additional 94,745 shares during the period. Pacer Advisors Inc. boosted its holdings in DICK’S Sporting Goods by 4.5% during the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock valued at $120,102,000 after acquiring an additional 34,942 shares during the period. Dimensional Fund Advisors LP boosted its holdings in DICK’S Sporting Goods by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock valued at $118,621,000 after acquiring an additional 10,091 shares during the period. AQR Capital Management LLC boosted its holdings in DICK’S Sporting Goods by 145.0% during the 3rd quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock valued at $85,722,000 after acquiring an additional 467,243 shares during the period. Finally, Norges Bank purchased a new position in DICK’S Sporting Goods during the 4th quarter valued at $108,908,000. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on DKS. DA Davidson boosted their price objective on DICK’S Sporting Goods from $250.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Morgan Stanley upped their target price on DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Williams Trading upgraded DICK’S Sporting Goods from a “hold” rating to a “buy” rating and upped their target price for the stock from $154.00 to $235.00 in a report on Thursday, March 14th. Jefferies Financial Group initiated coverage on DICK’S Sporting Goods in a report on Friday, April 12th. They issued a “hold” rating and a $211.00 target price for the company. Finally, Evercore ISI upped their target price on DICK’S Sporting Goods from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $237.09.

DICK’S Sporting Goods Stock Down 2.4 %

NYSE:DKS traded down $5.29 during mid-day trading on Friday, hitting $214.85. 1,508,542 shares of the company’s stock traded hands, compared to its average volume of 1,051,957. The company has a fifty day moving average of $209.20 and a 200 day moving average of $185.54. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $234.47. The company has a market capitalization of $17.51 billion, a P/E ratio of 17.79, a P/E/G ratio of 2.41 and a beta of 1.62. 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 (NYSE:DKS) last announced its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the company posted $3.40 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio is presently 36.42%.

Insider Activity

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $222.02, for a total value of $1,090,118.20. Following the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 32.03% of the company’s stock.

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.