DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 251.9% during the 2nd quarter, Holdings Channel reports. The firm owned 1,925 shares of the sporting goods retailer’s stock after acquiring an additional 1,378 shares during the quarter. Impact Partnership Wealth LLC’s holdings in DICK’S Sporting Goods were worth $413,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DKS. Van ECK Associates Corp grew its holdings in DICK’S Sporting Goods by 2.7% in the fourth quarter. Van ECK Associates Corp now owns 8,818 shares of the sporting goods retailer’s stock valued at $1,296,000 after purchasing an additional 232 shares during the last quarter. Natixis Advisors L.P. grew its holdings in DICK’S Sporting Goods by 156.1% in the fourth quarter. Natixis Advisors L.P. now owns 52,572 shares of the sporting goods retailer’s stock valued at $7,725,000 after purchasing an additional 32,043 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in DICK’S Sporting Goods in the fourth quarter valued at $450,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at $199,000. Finally, National Bank of Canada FI lifted its position in shares of DICK’S Sporting Goods by 1,313.0% in the fourth quarter. National Bank of Canada FI now owns 13,989 shares of the sporting goods retailer’s stock valued at $2,042,000 after acquiring an additional 12,999 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

DKS has been the topic of several recent research reports. Oppenheimer upped their price objective on DICK’S Sporting Goods from $240.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Telsey Advisory Group upped their price objective on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Stifel Nicolaus upped their price objective on DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. 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, Loop Capital upped their price objective on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $244.43.

DICK’S Sporting Goods Price Performance

DKS stock opened at $214.85 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $239.30. The firm has a market cap of $17.51 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 2.59 and a beta of 1.65. The stock has a 50-day simple moving average of $214.41 and a 200-day simple moving average of $207.43.

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, beating analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the firm earned $2.82 EPS. DICK’S Sporting Goods’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.8 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm 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 dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.05%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’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 completion of the sale, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 32.03% of the stock is owned by insiders.

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.