Cambridge Investment Research Advisors Inc. Acquires 817 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Cambridge Investment Research Advisors Inc. grew its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.5% in the first quarter, HoldingsChannel reports. The fund owned 18,911 shares of the sporting goods retailer’s stock after acquiring an additional 817 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in DICK’S Sporting Goods were worth $3,812,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. XTX Topco Ltd bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth about $485,000. Fifth Third Bancorp raised its stake in shares of DICK’S Sporting Goods by 27.5% in the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer’s stock worth $195,000 after acquiring an additional 209 shares during the last quarter. NBC Securities Inc. bought a new position in shares of DICK’S Sporting Goods in the first quarter worth about $54,000. Janus Henderson Group PLC raised its stake in shares of DICK’S Sporting Goods by 15.9% in the fourth quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer’s stock worth $2,664,000 after acquiring an additional 1,594 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of DICK’S Sporting Goods by 15.1% in the fourth quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer’s stock worth $491,000 after acquiring an additional 281 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director Robert W. Eddy acquired 1,280 shares of the business’s stock in a transaction dated Thursday, June 26th. The shares were acquired at an average price of $194.99 per share, for a total transaction of $249,587.20. Following the acquisition, the director now directly owns 6,048 shares of the company’s stock, valued at approximately $1,179,299.52. This trade represents a 26.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $187.00, for a total value of $662,167.00. Following the transaction, the executive vice president now owns 19,165 shares in the company, valued at $3,583,855. This trade represents a 15.59% decrease in their position. The disclosure for this sale can be found here. 32.55% of the stock is owned by insiders.

DICK’S Sporting Goods Stock Up 3.6%

DICK’S Sporting Goods stock opened at $202.98 on Friday. The company’s 50 day simple moving average is $183.82 and its 200 day simple moving average is $206.00. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 2.89 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. DICK’S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. As a group, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods declared that its board has authorized a stock buyback plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.39%. The ex-dividend date was Friday, June 13th. DICK’S Sporting Goods’s payout ratio is 34.69%.

Wall Street Analyst Weigh In

DKS has been the topic of several recent research reports. Wells Fargo & Company raised their price target on DICK’S Sporting Goods from $171.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. UBS Group decreased their price target on DICK’S Sporting Goods from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. JPMorgan Chase & Co. decreased their price target on DICK’S Sporting Goods from $224.00 to $195.00 and set a “neutral” rating on the stock in a report on Thursday, May 29th. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Friday, May 9th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $220.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $219.56.

DICK’S Sporting Goods Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.