Renaissance Technologies LLC Increases Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Renaissance Technologies LLC raised its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 51.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,106,341 shares of the sporting goods retailer’s stock after purchasing an additional 375,600 shares during the period. Renaissance Technologies LLC owned about 1.36% of DICK’S Sporting Goods worth $237,697,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DKS. V Square Quantitative Management LLC purchased a new position in DICK’S Sporting Goods during the first quarter worth approximately $25,000. ICA Group Wealth Management LLC acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth about $28,000. Covestor Ltd boosted its position 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 acquiring an additional 55 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $31,000. Finally, ORG Partners LLC purchased a new stake in DICK’S Sporting Goods during the 2nd quarter valued at approximately $30,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DKS shares. UBS Group upped their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Telsey Advisory Group boosted their target price on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Evercore ISI reissued an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Stifel Nicolaus boosted their price target on DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Finally, Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

Insider Buying and Selling

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 value of $721,001.85. Following the completion of the transaction, the director now directly owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 32.03% of the stock is owned by company insiders.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $216.95 on Monday. The stock’s fifty day moving average price is $215.24 and its two-hundred day moving average price is $209.54. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $239.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The firm has a market cap of $17.68 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64.

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, topping analysts’ consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. DICK’S Sporting Goods’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 EPS. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, September 19th. DICK’S Sporting Goods’s dividend payout ratio (DPR) 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.