Hennion & Walsh Asset Management Inc. Grows Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Hennion & Walsh Asset Management Inc. lifted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,569 shares of the sporting goods retailer’s stock after purchasing an additional 2,647 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $4,850,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in DICK’S Sporting Goods by 280.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after buying an additional 140 shares during the last quarter. Rise Advisors LLC increased its holdings in DICK’S Sporting Goods by 163.9% in the 1st quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock worth $57,000 after acquiring an additional 159 shares during the last quarter. Blue Trust Inc. raised its stake in DICK’S Sporting Goods by 236.8% in the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock valued at $43,000 after acquiring an additional 206 shares during the period. Capital Analysts LLC lifted its holdings in DICK’S Sporting Goods by 132.5% during the fourth quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock valued at $66,000 after purchasing an additional 257 shares during the last quarter. Finally, Allworth Financial LP boosted its position in DICK’S Sporting Goods by 2,505.3% during the fourth quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock worth $73,000 after purchasing an additional 476 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 32.03% of the stock is owned by company insiders.

DICK’S Sporting Goods Trading Down 2.4 %

DICK’S Sporting Goods stock traded down $5.29 during trading hours on Friday, reaching $214.85. The company had a trading volume of 1,508,542 shares, compared to its average volume of 1,051,957. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 0.65. DICK’S Sporting Goods, Inc. has a 12-month low of $100.98 and a 12-month high of $234.47. The company has a 50-day moving average price of $209.20 and a 200 day moving average price of $185.20. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 2.41 and a beta of 1.62.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $2.94 by $0.36. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.40 earnings per share. Equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.05%. DICK’S Sporting Goods’s payout ratio is presently 36.42%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DKS shares. Morgan Stanley lifted their price objective on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Oppenheimer boosted their price target on shares of 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. Wedbush reiterated a “neutral” rating and issued a $230.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, June 5th. Wells Fargo & Company boosted their target price on DICK’S Sporting Goods from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Finally, Robert W. Baird raised their price target on DICK’S Sporting Goods from $225.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $237.09.

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.