DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Advisor Group Holdings Inc.

Advisor Group Holdings Inc. increased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 27.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The company owned 35,495 shares of the sporting goods retailer after purchasing an additional 7,736 shares during the quarter. Advisor Group Holdings Inc.’s interests in DICK’S Sporting Goods were valued at $3,160,000 at the end of the last reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DKS. ClariVest Asset Management LLC increased its position in DICK’S Sporting Goods by 4.1% in the first quarter. ClariVest Asset Management LLC now owns 268,352 shares of the sporting goods retailer valued at $26,840,000 after purchasing an additional 10,600 shares during the period. Hussman Strategic Advisors Inc. increased its position in DICK’S Sporting Goods by 40.0% in the first quarter. Hussman Strategic Advisors Inc. now owns 36,400 shares of the sporting goods retailer, valued at $3,641,000, after purchasing an additional 10,400 shares last quarter. Envestnet Asset Management Inc. increased its holding in DICK’S Sporting Goods by 14.1% during the first quarter. Envestnet Asset Management Inc. now owns 110,631 shares of the sporting goods retailer, valued at $11,065,000, after purchasing an additional 13,660 shares during the period. Cookson Peirce & Co. Inc. increased its position in shares of DICK’S Sporting Goods by 3.3% during the first quarter. Cookson Peirce & Co. Inc. now owns 300,067 shares of the sporting goods retailer, valued at $30,013,000, after buying an additional 9,714 shares last quarter. Finally, CENTRAL TRUST Co increased its stake in DICK’S Sporting Goods by 52.9% during the first quarter. CENTRAL TRUST Co now owns 1,070 shares of the sporting goods retailer, valued at $107,000, having purchased an additional 370 shares during the period. Institutional investors and hedge funds own 78.92% of the company’s shares.

Wall Street analysts are weighing

Several research analysts have recently issued reports on DKS stocks. Wedbush lowered its price target on shares of DICK’S Sporting Goods from $140.00 to $110.00 in a report on Thursday, May 26. Stifel Nicolaus increased his price target on shares of DICK’S Sporting Goods from $75.00 to $84.00 in a report on Wednesday, July 20. Barclays lowered its target price on shares of DICK’S Sporting Goods to $106.00 from $134.00 and gave the company an overweight rating in a report Thursday, May 26. OTR Global downgraded shares of DICK’S Sporting Goods to a “positive” rating in a report Wednesday, May 18th. Finally, Cowen lowered its target price on shares of DICK’S Sporting Goods to $126.00 in a report on Thursday, May 26. One investment analyst has rated the stock with a sell rating, nine with a hold rating and eight with a buy rating. According to data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of Hold and a consensus price target of $117.94.

DICK’S sporting goods retail increased by 2.0%

DICK’s Sporting Goods stock opened at $107.24 on Friday. The company has a 50-day moving average price of $86.03 and a 200-day moving average price of $96.30. DICK’S Sporting Goods, Inc. has a 52-week low of $63.45 and a 52-week high of $147.39. The company has a debt to equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 1.88. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 8.29, a price-to-earnings ratio of 1.89 and a beta of 1.63.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings data on Wednesday, May 25th. The sporting goods retailer reported $2.85 EPS for the quarter, beating analysts’ consensus estimate of $2.43 by $0.42. DICK’S Sporting Goods had a net margin of 11.75% and a return on equity of 58.42%. The company had revenue of $2.70 billion in the quarter, compared to analyst estimates of $2.63 billion. In the same quarter last year, the company posted $3.79 per share. The company’s revenue fell 7.5% year over year. Research analysts are forecasting that DICK’S Sporting Goods, Inc. will post 10.77 EPS for the year to date.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10 received a dividend of $0.488. The ex-dividend date was Thursday June 9th. That equates to an annual dividend of $1.95 and a yield of 1.82%. DICK’S Sporting Goods payout percentage is 15.07%.

Insiders place their bets

In related news, on Tuesday, May 31, Director William J. Colombo bought 5,000 shares of the company’s stock in a transaction. The stock was purchased at an average price of $80.99 per share for a total transaction of $404,950.00. Following the transaction, the Director now directly owns 162,003 shares of the Company, valued at $13,120,622.97. The transaction was disclosed in a legal filing with the SEC available at this hyperlink. Also on Thursday, May 26, SVP John Edward Hayes III sold 1,200 shares of the company’s shares in a transaction. The shares sold at an average price of $84.57 for a total transaction of $101,484.00. Following the transaction, the senior vice president now owns 34,231 shares of the company, valued at approximately $2,894,915.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In addition, Director William J. Colombo purchased 5,000 shares of the company’s shares in a transaction Tuesday, May 31. The shares were acquired at an average price of $80.99 per share for a total transaction of $404,950.00. Following the acquisition, the Director now directly owns 162,003 shares of the Company, valued at approximately $13,120,622.97. The disclosure for this purchase can be found here. Insiders own 32.83% of the company’s shares.

About DICK’S sporting goods

(received rating)

DICK’S Sporting Goods, Inc, along with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The Company offers hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; Clothing; and shoes and accessories.

Selected items

Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com for the latest 13F filings and insider trading for DICK’S Sporting Goods, Inc. (NYSE: DKS – Get Rating).

Get News & Reviews for DICK’S Sporting Goods Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for DICK’S Sporting Goods and related companies with MarketBeat.com’s FREE daily email newsletter.