J.W. Cole Advisors Inc. Acquires Shares of 16,070 DICK’S Sporting Goods, Inc. (NYSE:DKS)

J.W. Cole Advisors Inc. acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating) in the first quarter, Holdings Channel reports. The fund acquired 16,070 shares of the sporting goods retailer’s stock, valued at approximately $100,000.

A number of other hedge funds also recently bought and sold shares of DKS. Fifth Third Bancorp increased its holdings in shares of DICK’S Sporting Goods by 62.0% in the 1st quarter. Fifth Third Bancorp now owns 264 shares of the sporting goods retailer’s stock valued at $26,000 after purchasing an additional 101 shares during the period. Huntington National Bank increased its holdings in shares of DICK’S Sporting Goods by 36,600.0% in the 1st quarter. Huntington National Bank now owns 367 shares of the sporting goods retailer’s stock valued at $37,000 after purchasing an additional 366 shares during the period. Quent Capital LLC acquired a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at about $57,000. HHM Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the 1st quarter valued at about $51,000. Finally, Psagot Value Holdings Ltd. Israel acquired a new position in shares of DICK’S Sporting Goods in the 1st quarter valued at about $60,000. 78.85% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Down 1.8 %

Shares of DKS stock opened at $106.53 on Friday. The stock has a market cap of $8.44 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.54. DICK’S Sporting Goods, Inc. has a one year low of $63.45 and a one year high of $142.78. The stock has a fifty day moving average price of $104.42 and a 200 day moving average price of $96.40. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.82 and a quick ratio of 0.75.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last issued its earnings results on Tuesday, August 23rd. The sporting goods retailer reported $3.68 EPS for the quarter, topping the consensus estimate of $3.51 by $0.17. The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.07 billion. DICK’S Sporting Goods had a return on equity of 55.70% and a net margin of 10.42%. DICK’S Sporting Goods’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $5.08 earnings per share. Analysts predict that DICK’S Sporting Goods, Inc. will post 11.42 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.488 per share. The ex-dividend date is Thursday, September 8th. This represents a $1.95 annualized dividend and a yield of 1.83%. DICK’S Sporting Goods’s dividend payout ratio is currently 16.72%.

Analysts Set New Price Targets

A number of research firms recently commented on DKS. UBS Group increased their price objective on DICK’S Sporting Goods from $102.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, August 24th. Gordon Haskett upgraded DICK’S Sporting Goods from a “reduce” rating to a “hold” rating and set a $78.00 price objective on the stock in a report on Thursday, May 26th. Wells Fargo & Company increased their price objective on DICK’S Sporting Goods from $90.00 to $103.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 24th. Robert W. Baird increased their price objective on DICK’S Sporting Goods from $85.00 to $115.00 in a report on Tuesday, August 23rd. Finally, Barclays increased their price objective on DICK’S Sporting Goods from $106.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, August 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.39.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, SVP John Edward Hayes III sold 16,219 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $109.70, for a total transaction of $1,779,224.30. Following the completion of the transaction, the senior vice president now directly owns 27,231 shares in the company, valued at $2,987,240.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Lauren R. Hobart sold 53,486 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $110.21, for a total value of $5,894,692.06. Following the completion of the sale, the chief executive officer now directly owns 316,661 shares in the company, valued at $34,899,208.81. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP John Edward Hayes III sold 16,219 shares of the firm’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $109.70, for a total value of $1,779,224.30. Following the completion of the sale, the senior vice president now owns 27,231 shares of the company’s stock, valued at $2,987,240.70. The disclosure for this sale can be found here. Corporate insiders own 32.83% of the company’s stock.

About DICK’S Sporting Goods

(Get Rating)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting 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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