Larson Financial Group LLC Purchases 659 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Larson Financial Group LLC raised its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 55.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,858 shares of the sporting goods retailer’s stock after purchasing an additional 659 shares during the period. Larson Financial Group LLC’s holdings in DICK’S Sporting Goods were worth $418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its holdings in shares of DICK’S Sporting Goods by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock valued at $342,984,000 after purchasing an additional 94,745 shares during the last quarter. Pacer Advisors Inc. grew its position in DICK’S Sporting Goods by 4.5% during the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after acquiring an additional 34,942 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of DICK’S Sporting Goods by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock worth $118,621,000 after purchasing an additional 10,091 shares during the last quarter. Norges Bank acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $108,908,000. Finally, Charles Schwab Investment Management Inc. boosted its position in DICK’S Sporting Goods by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 402,025 shares of the sporting goods retailer’s stock worth $59,078,000 after buying an additional 3,414 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Insider Activity at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,664,218.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 32.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

DKS has been the topic of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $245.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, May 29th. Stifel Nicolaus upped their price target on shares of 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. Citigroup boosted their price objective on DICK’S Sporting Goods from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Bank of America upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the company from $225.00 to $240.00 in a research report on Wednesday, May 29th. Finally, The Goldman Sachs Group boosted their price target on DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $237.09.

DICK’S Sporting Goods Stock Down 0.9 %

Shares of DKS traded down $1.86 during trading hours on Wednesday, reaching $199.10. 1,041,511 shares of the stock traded hands, compared to its average volume of 1,152,909. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $234.47. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $208.73 and a 200 day simple moving average of $188.60. The company has a market cap of $16.22 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 2.20 and a beta of 1.65.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.36. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.40 EPS. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current 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 issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, June 14th. 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.