DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 65.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 278,338 shares of the sporting goods retailer’s stock after purchasing an additional 110,570 shares during the quarter. Los Angeles Capital Management LLC owned about 0.34% of DICK’S Sporting Goods worth $59,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in DICK’S Sporting Goods during the first quarter worth $25,000. Covestor Ltd lifted its stake in 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. ORG Partners LLC purchased a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $30,000. Innealta Capital LLC purchased a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $31,000. Finally, Versant Capital Management Inc grew its position in DICK’S Sporting Goods by 222.6% in 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. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Performance

NYSE DKS traded down $6.79 during trading hours on Friday, hitting $208.04. The company had a trading volume of 1,295,318 shares, compared to its average volume of 1,133,918. DICK’S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year high of $239.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. The company has a market cap of $16.95 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 2.59 and a beta of 1.64. The business has a 50 day moving average of $214.27 and a 200-day moving average of $207.70.

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 (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.60. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. DICK’S Sporting Goods’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $2.82 EPS. As a group, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.8 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

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

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’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 transaction, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 32.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DKS. Truist Financial upped their target price on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Robert W. Baird reaffirmed 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. Telsey Advisory Group lifted their target price on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, August 30th. DA Davidson reissued a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday. Finally, Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday. Ten 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, the company has a consensus rating of “Moderate Buy” and an average target price of $244.43.

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.