Chicago Capital LLC Sells 494 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Chicago Capital LLC lessened its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,990 shares of the sporting goods retailer’s stock after selling 494 shares during the period. Chicago Capital LLC’s holdings in DICK’S Sporting Goods were worth $3,650,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of DICK’S Sporting Goods by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock valued at $1,209,892,000 after buying an additional 166,687 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of DICK’S Sporting Goods by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock valued at $118,621,000 after purchasing an additional 10,091 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of DICK’S Sporting Goods by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer’s stock valued at $164,341,000 after purchasing an additional 11,792 shares in the last quarter. Norges Bank bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at about $108,908,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of 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 valued at $59,078,000 after purchasing an additional 3,414 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Loop Capital upped their target price on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday. DA Davidson reiterated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a report on Thursday. Wells Fargo & Company cut their price target on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Barclays increased their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Oppenheimer increased their price target on DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.43.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $1,159,099.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS traded down $6.79 on Friday, reaching $208.04. 1,295,318 shares of the company’s stock traded hands, compared to its average volume of 1,133,918. 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 market cap of $16.95 billion, a PE ratio of 17.22, a PEG ratio of 2.59 and a beta of 1.64. The stock’s 50 day simple moving average is $214.27 and its two-hundred day simple moving average is $207.70. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS 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 company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period last year, the business posted $2.82 earnings per share. DICK’S Sporting Goods’s revenue was up 7.6% on a year-over-year basis. On average, analysts forecast 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 company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 19th. DICK’S Sporting Goods’s dividend payout ratio 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.