Clear Street Markets LLC Invests $412,000 in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Clear Street Markets LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 2,801 shares of the sporting goods retailer’s stock, valued at approximately $412,000.

Several other large investors have also recently added to or reduced their stakes in DKS. TFO Wealth Partners LLC increased its stake in shares of DICK’S Sporting Goods by 37,250.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,241 shares of the sporting goods retailer’s stock valued at $329,000 after acquiring an additional 2,235 shares during the last quarter. SG Americas Securities LLC raised its stake in DICK’S Sporting Goods by 1,305.5% during the fourth quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock worth $870,000 after purchasing an additional 5,496 shares during the period. Todd Asset Management LLC raised its stake in DICK’S Sporting Goods by 129.6% during the fourth quarter. Todd Asset Management LLC now owns 144,050 shares of the sporting goods retailer’s stock worth $21,168,000 after purchasing an additional 81,313 shares during the period. Franklin Resources Inc. boosted its holdings in shares of DICK’S Sporting Goods by 22.0% in the 4th quarter. Franklin Resources Inc. now owns 118,140 shares of the sporting goods retailer’s stock valued at $17,361,000 after purchasing an additional 21,342 shares during the last quarter. Finally, First Hawaiian Bank purchased a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at $695,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Up 1.4 %

Shares of NYSE:DKS traded up $3.03 during trading on Wednesday, hitting $221.93. The company’s stock had a trading volume of 790,276 shares, compared to its average volume of 1,168,163. The company has a market capitalization of $18.09 billion, a PE ratio of 18.55, a PEG ratio of 2.55 and a beta of 1.62. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $229.56. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. The stock’s 50-day moving average price is $203.80 and its two-hundred day moving average price is $177.67.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last announced its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the company posted $3.40 EPS. DICK’S Sporting Goods’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.98%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Insider Transactions at DICK’S Sporting Goods

In other news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the acquisition, the insider now directly owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the sale, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at $2,407,940,372.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the acquisition, the insider now directly owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 214,673 shares of company stock valued at $47,573,557. Insiders own 32.03% of the company’s stock.

Analyst Upgrades and Downgrades

DKS has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Wedbush reaffirmed a “neutral” rating and issued a $230.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, June 5th. Jefferies Financial Group started coverage on DICK’S Sporting Goods in a report on Friday, April 12th. They set a “hold” rating and a $211.00 target price for the company. Loop Capital raised their price target on shares of DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a report on Monday, March 18th. Finally, Gordon Haskett boosted their price objective on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $237.09.

Get Our Latest Stock Report on DKS

DICK’S Sporting Goods Profile

(Free Report)

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

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Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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