DICK’S Sporting Goods, Inc. (NYSE:DKS) Stake Lifted by HS Management Partners LLC

HS Management Partners LLC grew its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 24.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 403,042 shares of the sporting goods retailer’s stock after acquiring an additional 78,875 shares during the quarter. DICK’S Sporting Goods comprises 6.6% of HS Management Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. HS Management Partners LLC owned about 0.50% of DICK’S Sporting Goods worth $81,237,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DKS. Norges Bank purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $221,693,000. Wellington Management Group LLP purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $125,285,000. Junto Capital Management LP purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $89,351,000. GAMMA Investing LLC grew its holdings in shares of DICK’S Sporting Goods by 24,140.8% during the first quarter. GAMMA Investing LLC now owns 291,859 shares of the sporting goods retailer’s stock worth $58,827,000 after buying an additional 290,655 shares during the last quarter. Finally, Candlestick Capital Management LP purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $41,354,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

DKS opened at $209.47 on Friday. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 2.98 and a beta of 1.07. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The company’s 50-day moving average price is $189.64 and its 200 day moving average price is $204.30. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49.

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

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 $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, June 13th. DICK’S Sporting Goods’s dividend payout ratio is 34.69%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DKS. Barclays lifted their price objective on DICK’S Sporting Goods from $217.00 to $232.00 and gave the company an “overweight” rating in a report on Thursday, May 29th. DA Davidson reaffirmed a “buy” rating and issued a $230.00 price objective on shares of DICK’S Sporting Goods in a report on Friday, June 27th. TD Cowen lowered DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $216.00 price objective on the stock. in a report on Thursday, May 15th. Bank of America lowered their price objective on DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, June 24th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, May 28th. One 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $219.56.

Insider Transactions at DICK’S Sporting Goods

In related news, Director Robert W. Eddy bought 1,357 shares of the business’s stock in a transaction on Wednesday, June 25th. The stock was bought at an average price of $185.31 per share, for a total transaction of $251,465.67. Following the transaction, the director directly owned 4,768 shares in the company, valued at $883,558.08. This represents a 39.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $187.00, for a total transaction of $662,167.00. Following the completion of the sale, the executive vice president owned 19,165 shares of the company’s stock, valued at approximately $3,583,855. The trade was a 15.59% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,866 shares of company stock worth $11,462,773. 32.55% of the stock is currently owned by insiders.

DICK’S Sporting Goods Company 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.