Stratos Wealth Partners LTD. Buys 446 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Stratos Wealth Partners LTD. raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 40.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,538 shares of the sporting goods retailer’s stock after purchasing an additional 446 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in DICK’S Sporting Goods were worth $310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DKS. XTX Topco Ltd bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $485,000. Bessemer Group Inc. increased its holdings in DICK’S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock valued at $44,000 after purchasing an additional 72 shares during the period. Fifth Third Bancorp boosted its position in DICK’S Sporting Goods by 27.5% during the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer’s stock valued at $195,000 after acquiring an additional 209 shares during the last quarter. NBC Securities Inc. bought a new stake in DICK’S Sporting Goods during the first quarter valued at $54,000. Finally, Janus Henderson Group PLC boosted its position in shares of DICK’S Sporting Goods by 15.9% during the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer’s stock worth $2,664,000 after purchasing an additional 1,594 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 1.2%

DKS stock opened at $206.26 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company’s 50 day moving average is $188.63 and its two-hundred day moving average is $204.61. The stock has a market cap of $16.51 billion, a P/E ratio of 14.75, a PEG ratio of 2.98 and a beta of 1.07.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.37. DICK’S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Friday, June 13th. DICK’S Sporting Goods’s payout ratio is 34.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Bank of America decreased their price objective on shares of DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, June 24th. Loop Capital reduced their price target on shares of DICK’S Sporting Goods from $195.00 to $180.00 and set a “hold” rating for the company in a research report on Friday, May 16th. Wall Street Zen raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Friday, May 9th. Citigroup reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 29th. Finally, UBS Group decreased their price target on shares of DICK’S Sporting Goods from $260.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $219.56.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, EVP Navdeep Gupta sold 9,303 shares of the firm’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $215.00, for a total value of $2,000,145.00. Following the transaction, the executive vice president owned 87,778 shares in the company, valued at approximately $18,872,270. This trade represents a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lauren R. Hobart sold 40,166 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the sale, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $61,371,954.20. The trade was a 11.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,866 shares of company stock worth $11,462,773. 32.55% of the stock is currently owned by insiders.

DICK’S Sporting Goods Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.