DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,880 shares of the sporting goods retailer’s stock after purchasing an additional 10,894 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of DICK’S Sporting Goods worth $22,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at $108,908,000. Wedge Capital Management L L P NC bought a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $47,196,000. Los Angeles Capital Management LLC increased its position in DICK’S Sporting Goods by 5,379.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock worth $37,724,000 after buying an additional 164,706 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $19,219,000. Finally, 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 worth $342,984,000 after purchasing an additional 94,745 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insiders Place Their Bets

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the transaction, the director now 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 SEC, which is accessible through this link. In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the transaction, the director now owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,400 shares of company stock worth $1,811,336. 32.03% of the stock is owned by insiders.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS traded down $10.66 during trading on Wednesday, hitting $215.81. The company had a trading volume of 418,526 shares, compared to its average volume of 1,156,405. The stock has a fifty day simple moving average of $210.02 and a two-hundred day simple moving average of $191.01. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $234.47. The firm has a market capitalization of $17.59 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.36 and a beta of 1.65. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55.

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

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.04%. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DKS. Gordon Haskett lifted their price objective on DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Bank of America raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the company from $225.00 to $240.00 in a research report on Wednesday, May 29th. UBS Group increased their price target on DICK’S Sporting Goods from $215.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Robert W. Baird increased their target price on DICK’S Sporting Goods from $225.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Finally, Jefferies Financial Group assumed coverage on DICK’S Sporting Goods in a research report on Friday, April 12th. They set a “hold” rating and a $211.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $237.09.

About DICK’S Sporting Goods

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.