Friday, June 9, 2023

DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by SG ... - MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: SG Americas Securities LLC lifted its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Rating) by 46.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,738 shares of the sporting goods retailer's stock after buying an additional 8,212 shares during the quarter. SG Americas Securities LLC's holdings in DICK'S Sporting Goods were worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission. → The Next Big Crisis Is Here (From Porter & Company)document.write('pixel'); Other hedge funds have also made changes to their positions in the company. Byrne Asset Management LLC acquired a new stake in shares of DICK'S Sporting Goods during the second quarter worth approximately $38,000. CoreCap Advisors LLC acquired a new position in DICK'S Sporting Goods in the second quarter worth $40,000. Northern Oak Wealth Management Inc. acquired a new position in DICK'S Sporting Goods in the second quarter worth $51,000. Banque Cantonale Vaudoise boosted its holdings in DICK'S Sporting Goods by 108.1% in the second quarter. Banque Cantonale Vaudoise now owns 747 shares of the sporting goods retailer's stock worth $56,000 after purchasing an additional 388 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in DICK'S Sporting Goods by 196.7% in the second quarter. Parallel Advisors LLC now owns 994 shares of the sporting goods retailer's stock worth $75,000 after purchasing an additional 659 shares during the period. Institutional investors and hedge funds own 75.08% of the company's stock.

Insider Buying and Selling

In related news, SVP Julie Lodge-Jarrett sold 9,139 shares of DICK'S Sporting Goods stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $118.00, for a total value of $1,078,402.00. Following the transaction, the senior vice president now owns 41,048 shares of the company's stock, valued at approximately $4,843,664. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other DICK'S Sporting Goods news, SVP John Edward Hayes III sold 1,000 shares of DICK'S Sporting Goods stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $120.57, for a total transaction of $120,570.00. Following the transaction, the senior vice president now owns 26,231 shares of the company's stock, valued at approximately $3,162,671.67. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Julie Lodge-Jarrett sold 9,139 shares of DICK'S Sporting Goods stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $118.00, for a total value of $1,078,402.00. Following the transaction, the senior vice president now directly owns 41,048 shares in the company, valued at approximately $4,843,664. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,283 shares of company stock valued at $4,475,632. 32.83% of the stock is owned by corporate insiders.

DICK'S Sporting Goods Price Performance

Shares of DICK'S Sporting Goods stock opened at $128.60 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The company's 50-day moving average price is $115.59 and its two-hundred day moving average price is $107.39. DICK'S Sporting Goods, Inc. has a 52 week low of $63.45 and a 52 week high of $131.12. The stock has a market cap of $10.18 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 2.15 and a beta of 1.40. DICK'S Sporting Goods (NYSE:DKS - Get Rating) last issued its quarterly earnings results on Tuesday, November 22nd. The sporting goods retailer reported $2.60 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.36. The firm had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $2.70 billion. DICK'S Sporting Goods had a return on equity of 52.43% and a net margin of 9.52%. As a group, sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 11.93 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 9th were paid a $0.488 dividend. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $1.95 dividend on an annualized basis and a yield of 1.52%. DICK'S Sporting Goods's dividend payout ratio is currently 17.21%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Cowen lifted their price objective on shares of DICK'S Sporting Goods from $150.00 to $155.00 in a report on Wednesday, November 23rd. UBS Group boosted their price target on shares of DICK'S Sporting Goods from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Friday, January 6th. DA Davidson boosted their price target on shares of DICK'S Sporting Goods from $130.00 to $136.00 in a report on Wednesday, November 23rd. Robert W. Baird boosted their price target on shares of DICK'S Sporting Goods from $115.00 to $120.00 in a report on Tuesday, November 22nd. Finally, Oppenheimer raised shares of DICK'S Sporting Goods from a "market perform" rating to an "outperform" rating and set a $138.00 price target for the company in a report on Thursday, October 20th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $138.95.

DICK'S Sporting Goods Company Profile

(Get Rating) DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

Read More

Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS) This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com. Before you consider DICK'S Sporting Goods, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DICK'S Sporting Goods wasn't on the list. While DICK'S Sporting Goods currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Thomas Hughes goes in-depth about what’s driving the market that could see Dick's Sporting Goods (DKS) post double-digit gains in the first half of 2023. Enter your email address below and we'll send you MarketBeat's list of the 10 best stocks to own in 2023 and why they should be in your portfolio. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. As Featured By: 326 E 8th St #105, Sioux Falls, SD 57103
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