Credit Suisse AG lifted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 15.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,838 shares of the sporting goods retailer’s stock after purchasing an additional 9,969 shares during the quarter. Credit Suisse AG owned 0.09% of DICK’S Sporting Goods worth $10,619,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Heritage Wealth Management LLC boosted its position in shares of DICK’S Sporting Goods by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 216 shares of the sporting goods retailer’s stock worth $26,000 after acquiring an additional 108 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of DICK’S Sporting Goods during the 1st quarter worth approximately $28,000. CoreCap Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $39,000. Deseret Mutual Benefit Administrators lifted its stake in DICK’S Sporting Goods by 60.0% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 288 shares of the sporting goods retailer’s stock valued at $41,000 after purchasing an additional 108 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in DICK’S Sporting Goods in the 1st quarter valued at approximately $59,000. 69.98% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Wedbush downgraded shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $155.00 to $115.00 in a research note on Wednesday. Stifel Nicolaus dropped their price objective on shares of DICK’S Sporting Goods from $141.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday. Telsey Advisory Group reissued an “outperform” rating and issued a $140.00 price objective (down previously from $160.00) on shares of DICK’S Sporting Goods in a research note on Tuesday, August 22nd. Bank of America downgraded shares of DICK’S Sporting Goods from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $180.00 to $125.00 in a research note on Wednesday. Finally, Stephens reaffirmed an “equal weight” rating and set a $141.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, August 22nd. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $143.17.
DICK’S Sporting Goods Trading Down 1.7 %
NYSE:DKS opened at $111.67 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.76 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 1.91 and a beta of 1.43. The firm has a fifty day simple moving average of $135.59 and a two-hundred day simple moving average of $136.38. DICK’S Sporting Goods, Inc. has a 12 month low of $98.01 and a 12 month high of $152.61.
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 22nd. The sporting goods retailer reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.24 billion. DICK’S Sporting Goods had a return on equity of 40.52% and a net margin of 8.03%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.68 earnings per share. Analysts expect that DICK’S Sporting Goods, Inc. will post 11.79 EPS for the current fiscal year.
DICK’S Sporting Goods Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Thursday, September 14th. DICK’S Sporting Goods’s payout ratio is 35.49%.
Insiders Place Their Bets
In other DICK’S Sporting Goods news, Director Sandeep Mathrani acquired 1,300 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, August 24th. The stock was purchased at an average cost of $113.54 per share, for a total transaction of $147,602.00. Following the completion of the acquisition, the director now directly owns 6,647 shares of the company’s stock, valued at $754,700.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other DICK’S Sporting Goods news, Director Sandeep Mathrani acquired 1,300 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, August 24th. The stock was purchased at an average cost of $113.54 per share, for a total transaction of $147,602.00. Following the completion of the acquisition, the director now directly owns 6,647 shares of the company’s stock, valued at $754,700.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP John Edward Hayes III sold 1,733 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $136.66, for a total transaction of $236,831.78. Following the transaction, the senior vice president now owns 18,416 shares of the company’s stock, valued at $2,516,730.56. The disclosure for this sale can be found here. Corporate insiders own 30.79% of the company’s stock.
DICK’S Sporting Goods Company Profile
DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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