GAMMA Investing LLC Buys 153 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

GAMMA Investing LLC grew its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 18.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 962 shares of the sporting goods retailer’s stock after acquiring an additional 153 shares during the quarter. GAMMA Investing LLC’s holdings in DICK’S Sporting Goods were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in DKS. Assenagon Asset Management S.A. bought a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $216,000. Trust Point Inc. bought a new position in DICK’S Sporting Goods in the 4th quarter valued at $208,000. International Assets Investment Management LLC purchased a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at $19,219,000. Arkadios Wealth Advisors raised its stake in shares of DICK’S Sporting Goods by 8.4% during the 4th quarter. Arkadios Wealth Advisors now owns 3,528 shares of the sporting goods retailer’s stock worth $518,000 after purchasing an additional 274 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of DICK’S Sporting Goods by 2,505.3% in the 4th quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock worth $73,000 after buying an additional 476 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 5,609 shares in the company, valued at $1,159,099.85. The disclosure for this sale can be found here. Insiders have sold 8,400 shares of company stock valued at $1,811,336 in the last ninety days. Company insiders own 32.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $245.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, May 29th. Bank of America raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $225.00 to $240.00 in a report on Wednesday, May 29th. Evercore ISI lifted their target price on DICK’S Sporting Goods from $240.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Wells Fargo & Company raised their price objective on shares of DICK’S Sporting Goods from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 30th. Finally, UBS Group boosted their price objective on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average price target of $236.18.

DICK’S Sporting Goods Trading Up 1.7 %

Shares of DKS traded up $3.41 during mid-day trading on Tuesday, reaching $201.09. The company’s stock had a trading volume of 731,081 shares, compared to its average volume of 1,139,994. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $234.47. The stock has a market cap of $16.39 billion, a PE ratio of 16.28, a P/E/G ratio of 2.26 and a beta of 1.65. The company’s fifty day moving average price is $213.86 and its two-hundred day moving average price is $197.50. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.36. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the firm posted $3.40 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $1.10 per share. The ex-dividend date was Friday, June 14th. This represents a $4.40 annualized dividend and a yield of 2.19%. DICK’S Sporting Goods’s payout ratio is 36.42%.

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.