Los Angeles Capital Management LLC Raises Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Los Angeles Capital Management LLC lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 65.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 278,338 shares of the sporting goods retailer’s stock after buying an additional 110,570 shares during the period. Los Angeles Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $59,801,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in DICK’S Sporting Goods during the first quarter worth $25,000. Covestor Ltd raised its stake in shares of DICK’S Sporting Goods by 70.5% during 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 last quarter. Innealta Capital LLC purchased a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth about $31,000. ORG Partners LLC acquired a new stake in DICK’S Sporting Goods in the 2nd quarter valued at about $30,000. Finally, Versant Capital Management Inc increased its holdings in DICK’S Sporting Goods by 222.6% during the 2nd 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. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods 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 value of $721,001.85. Following the completion of the transaction, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Trading Down 3.2 %

Shares of DKS stock traded down $6.79 on Friday, reaching $208.04. 1,295,318 shares of the stock were exchanged, compared to its average volume of 1,133,918. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. The stock has a market cap of $16.95 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 2.59 and a beta of 1.64. The firm has a 50 day moving average of $214.27 and a two-hundred day moving average of $207.70. 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 announced its quarterly earnings results 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 net margin of 7.73% and a return on equity of 41.80%. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the previous year, the company posted $2.82 earnings per share. DICK’S Sporting Goods’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.8 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business 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. The ex-dividend date is Thursday, September 19th. This represents a $4.40 annualized dividend and a dividend yield of 2.11%. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Analyst Ratings Changes

Several research firms have recently commented on DKS. Loop Capital increased their price target on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday. Evercore ISI reiterated an “outperform” rating and set a $280.00 target price on shares of DICK’S Sporting Goods in a report on Thursday. Bank of America raised their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday. DA Davidson restated a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday. Finally, Wedbush reiterated 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $244.43.

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.