Trek Financial LLC Acquires New Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Trek Financial LLC acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 55,012 shares of the sporting goods retailer’s stock, valued at approximately $7,806,000. Trek Financial LLC owned about 0.06% of DICK’S Sporting Goods as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of DKS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of DICK’S Sporting Goods by 7.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,056 shares of the sporting goods retailer’s stock worth $2,306,000 after purchasing an additional 1,541 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of DICK’S Sporting Goods by 14.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 40,257 shares of the sporting goods retailer’s stock worth $4,161,000 after purchasing an additional 5,111 shares during the period. Yousif Capital Management LLC lifted its stake in shares of DICK’S Sporting Goods by 0.6% in the 1st quarter. Yousif Capital Management LLC now owns 36,694 shares of the sporting goods retailer’s stock worth $3,670,000 after purchasing an additional 217 shares during the period. Sei Investments Co. raised its stake in DICK’S Sporting Goods by 20.3% during the 1st quarter. Sei Investments Co. now owns 30,737 shares of the sporting goods retailer’s stock worth $3,160,000 after acquiring an additional 5,182 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in DICK’S Sporting Goods by 34.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,047 shares of the sporting goods retailer’s stock worth $204,000 after acquiring an additional 524 shares during the period. 68.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DKS has been the topic of a number of recent analyst reports. Stephens restated an “equal weight” rating and set a $141.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $140.00 price objective (down from $160.00) on shares of DICK’S Sporting Goods in a report on Tuesday, August 22nd. Bank of America lowered shares of DICK’S Sporting Goods from a “buy” rating to a “neutral” rating and cut their price objective for the company from $180.00 to $125.00 in a report on Wednesday, August 23rd. Morgan Stanley cut their price objective on shares of DICK’S Sporting Goods from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. Finally, Stifel Nicolaus cut their price objective on shares of DICK’S Sporting Goods from $141.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, August 23rd. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $143.17.

DICK’S Sporting Goods Price Performance

DKS stock opened at $111.40 on Friday. The business has a 50 day moving average price of $131.39 and a 200 day moving average price of $135.23. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.87 and a beta of 1.46. DICK’S Sporting Goods, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $152.61. The company has a quick ratio of 0.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.56.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the firm posted $3.68 EPS. DICK’S Sporting Goods’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 11.86 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, September 14th. DICK’S Sporting Goods’s dividend payout ratio is presently 35.49%.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director William J. Colombo acquired 2,200 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were purchased at an average price of $110.00 per share, with a total value of $242,000.00. Following the completion of the acquisition, the director now directly owns 170,192 shares of the company’s stock, valued at approximately $18,721,120. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director William J. Colombo acquired 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average price of $110.00 per share, with a total value of $242,000.00. Following the completion of the purchase, the director now directly owns 170,192 shares in the company, valued at $18,721,120. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sandeep Mathrani acquired 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were bought at an average cost of $113.54 per share, for a total transaction of $147,602.00. Following the purchase, the director now owns 6,647 shares of the company’s stock, valued at $754,700.38. The disclosure for this purchase can be found here. 30.79% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Company Profile

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