Exchange Traded Concepts LLC Acquires 1,152 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Exchange Traded Concepts LLC increased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free report) by 2,679.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,195 shares of the sporting goods retailer after purchasing an additional 1,152 shares during the period. Exchange Traded Concepts LLC’s shares in DICK’S Sporting Goods were valued at $170,000 at the time of the last SEC filing.

Other major investors have also recently increased or reduced their stakes in the company. Teza Capital Management LLC acquired a new position in DICK’S Sporting Goods valued at approximately $222,000 during the third quarter. Signature Estate & Investment Advisors LLC increased its stake in DICK’S Sporting Goods stock by 0.8% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 20,558 shares of the sporting goods retailer, valued at $2,473,000, after purchasing an additional 169 shares last quarter. Robeco Institutional Asset Management BV increased its stake in DICK’S Sporting Goods shares by 168.6% in the fourth quarter. Robeco Institutional Asset Management BV now owns 41,380 shares of the sporting goods retailer, valued at $4,978,000, after buying a further 25,972 shares last quarter. Eagle Strategies LLC acquired a new position in shares of DICK’S Sporting Goods valued at approximately $393,000 during the fourth quarter. Finally, McBroom & Associates LLC increased its stake in DICK’S Sporting Goods stock by 11.3% during the fourth quarter. McBroom & Associates LLC now owns 25,370 shares of the sporting goods retailer, valued at $3,052,000, after purchasing an additional 2,583 shares last quarter. Institutional investors and hedge funds own 69.98% of the company’s shares.

Wall Street analysts are weighing

DKS has been the subject of a number of recent research reports. Gordon Haskett increased his target price on 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. DA Davidson raised its target price on DICK’S Sporting Goods to $178.00 from $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 8th. Barclays raised its target price on DICK’S Sporting Goods to $174.00 from $139.00 and gave the stock an overweight rating in a research report on Wednesday, March 8th. Finally, on Thursday, May 18th, StockNews.com began reporting DICK’S Sporting Goods in a research report. You give the stock a “hold” rating. Nine investment analysts have rated the stock with a hold rating and fourteen have given it a buy rating. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $156.43.

Insider Transactions at DICK’S Sporting Goods

In related news, SVP John Edward Hayes III sold 1,733 shares of the company’s shares in a transaction on Wednesday, June 7th. The stock sold at an average price of $136.66 for a total transaction of $236,831.78. Following the sale, the senior vice president now owns 18,416 shares of the company, valued at approximately $2,516,730.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this link. In related news, Director Anne Fink sold 3,174 shares of the company’s shares in a transaction on Thursday, April 6. The stock sold at an average price of $139.08 for a total transaction of $441,439.92. Following the sale, the director now owns 14,481 shares of the Company, valued at approximately $2,014,017.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this link. In addition, SVP John Edward Hayes III sold 1,733 shares of the company’s shares in a transaction on Wednesday, June 7th. The stock sold at an average price of $136.66 for a total value of $236,831.78. Following the sale, the senior vice president now directly owns 18,416 shares of the company, valued at approximately $2,516,730.56. The disclosure for this sale can be found here. Insiders have sold 43,873 shares of the company’s stock valued at $5,930,758 over the past three months. Insiders own 30.79% of the company’s shares.

DICK’S Sporting Goods stock down 0.7%

NYSE:DKS opened at $132.17 on Friday. DICK’S Sporting Goods, Inc. has a 12-month low of $74.32 and a 12-month high of $152.61. The company has a short-term ratio of 0.76, a current ratio of 1.96 and a leverage ratio of 0.55. The company has a market cap of $11.40 billion, a P/E of 11.30, a P/E ratio of 1.73 and a beta of 1.44. The stock’s 50-day simple moving average is $135.23 and its 200-day simple moving average is $132.71.

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

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record as of Friday, June 16 received a dividend of $1.00. The ex-dividend date was Thursday June 15th. That equates to an annual dividend of $4.00 and a dividend yield of 3.03%. DICK’S Sporting Goods’ dividend payout ratio is currently 34.19%.

About DICK’S Sporting Goods

(Free Report)

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.

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