Transform Wealth LLC Purchases 4,319 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Transform Wealth LLC lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 61.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,310 shares of the sporting goods retailer’s stock after purchasing an additional 4,319 shares during the period. Transform Wealth LLC’s holdings in DICK’S Sporting Goods were worth $2,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $28,000. Covestor Ltd boosted its holdings in shares of DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares during the last quarter. ORG Partners LLC bought a new stake in DICK’S Sporting Goods in the second quarter worth about $30,000. ORG Wealth Partners LLC bought a new position in shares of DICK’S Sporting Goods during the 3rd quarter valued at approximately $30,000. Finally, Innealta Capital LLC bought a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $31,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Up 0.3 %

Shares of DICK’S Sporting Goods stock traded up $0.68 during midday trading on Wednesday, reaching $210.33. 123,844 shares of the company’s stock traded hands, compared to its average volume of 1,093,546. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $239.30. The company has a market cap of $17.14 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 2.31 and a beta of 1.62. The stock has a 50 day moving average of $216.09 and a 200-day moving average of $210.73.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. DICK’S Sporting Goods’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 earnings per share. As a group, equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DKS shares. Loop Capital boosted their price objective on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Telsey Advisory Group raised their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Robert W. Baird reissued a “neutral” rating and set a $235.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. JPMorgan Chase & Co. upped their target price on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Wedbush reissued a “neutral” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

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.