Diversified Trust Co Makes New Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Diversified Trust Co acquired a new interest in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) during the first quarter, according to its recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,994 shares of the sporting goods retailer, valued at approximately $283,000.

Other major investors have also changed their positions in the company. Balyasny Asset Management LLC increased its stake in DICK’S Sporting Goods by 6,908.1% during the third quarter. Balyasny Asset Management LLC now owns 1,244,493 shares of the sporting goods retailer, valued at $130,224,000, after acquiring an additional 1,226,735 shares last quarter. CIBC Private Wealth Group LLC increased its position in DICK’S Sporting Goods by 116.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,174,456 shares of the sporting goods retailer, valued at $141,275,000, after purchasing an additional 632,420 shares during the period. Geode Capital Management LLC increased its stake in DICK’S Sporting Goods by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 881,663 shares of the sporting goods retailer’s stock valued at $106,366,000 after purchasing an additional 6,374 shares last quarter. Squarepoint Ops LLC increased its stake in DICK’S Sporting Goods stock by 38.4% during the fourth quarter. Squarepoint Ops LLC now owns 679,115 shares of the sporting goods retailer, valued at $81,691,000, after acquiring an additional 188,409 shares last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in DICK’S Sporting Goods stock by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 522,863 shares of the sporting goods retailer, valued at $62,895,000, after purchasing an additional 7,191 shares during the period. Institutional investors and hedge funds own 69.98% of the company’s shares.

Insider Activity

In other news from DICK’S Sporting Goods, Director Anne Fink sold 3,174 shares of DICK’S Sporting Goods in a transaction on Thursday, April 6th. The shares sold at an average price of $139.08 for a total value of $441,439.92. Following the closing of the transaction, the Director now owns 14,481 shares of the Company, valued at $2,014,017.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC’s website. In related news, CFO Navdeep Gupta sold 16,321 shares of the company’s shares in a transaction that took place on Wednesday, June 7th. The stock sold at an average price of $136.28 for a total value of $2,224,225.88. Following the sale, the chief financial officer now owns 97,012 shares of the company’s stock valued at approximately $13,220,795.36. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In addition, Director Anne Fink sold 3,174 shares of the company in a transaction on Thursday, April 6th. The shares sold at an average price of $139.08 for a total value of $441,439.92. Following the transaction, the director now owns 14,481 shares of the Company, valued at approximately $2,014,017.48. The disclosure for this sale can be found here. Insiders sold 43,873 shares of the company’s stock valued at $5,930,758 over the past ninety days. 30.79% of the shares are currently owned by insiders.

Analysts set new price targets

DKS has been the subject of several recent analyst reports. Gordon Haskett increased his price target on shares of DICK’S Sporting Goods to $170.00 from $135.00 in a report on Tuesday, March 7th. Loop Capital lowered its target price on DICK’S Sporting Goods from $150.00 to $135.00 in a report Wednesday, May 24. Oppenheimer raised its price target on DICK’S Sporting Goods to $175.00 from $138.00 and gave the stock an outperform rating in a report on Wednesday, March 8th. DA Davidson increased its price target on shares of DICK’S Sporting Goods to $178.00 from $145.00 and gave the company a “buy” rating in a report on Wednesday, March 8th. Finally, Bank of America raised its target price on shares of DICK’S Sporting Goods to $170.00 from $145.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Nine research analysts rated the stock as “hold” and fourteen gave them a buy. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $156.43.

DICK’S Sporting Goods trade down 0.7%

DKS opened at $134.57 on Monday. DICK’S Sporting Goods, Inc. has a 12-month low of $73.67 and a 12-month high of $152.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.96 and a short-term ratio of 0.76. The stock has a market cap of $11.60 billion, a P/E of 11.50, a P/E ratio of 1.71, and a beta of 1.44. The company’s 50-day moving average price is $136.17 and its 200-day moving average price is $132.38.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last released its earnings results on Tuesday, May 23rd. The sporting goods retailer reported earnings per share (EPS) of $3.40 for the quarter, beating analyst consensus estimates of $3.22 by $0.18. The company had revenue of $2.84 billion in the quarter, compared to analyst estimates of $2.80 billion. DICK’S Sporting Goods had a net margin of 8.69% and a return on equity of 45.52%. The company’s quarterly revenue rose 5.3% year over year. In the same quarter last year, the company posted earnings per share of $2.85. As a group, research analysts expect DICK’S Sporting Goods, Inc. to report earnings per share of $13.48 for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record as of Friday, June 16 will receive a dividend of $1.00. The ex-dividend date of this dividend is Thursday June 15th. That equates to an annual dividend of $4.00 and a dividend yield of 2.97%. The payout ratio of DICK’S Sporting Goods is 34.19%.

About DICK’S Sporting Goods

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

further reading

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