Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 1,286 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the first quarter, HoldingsChannel reports. The firm purchased 1,286 shares of the sporting goods retailer’s stock, valued at approximately $289,000.

A number of other hedge funds have also modified their holdings of DKS. Norges Bank purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter worth $108,908,000. Wedge Capital Management L L P NC purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter worth $47,196,000. Vanguard Group Inc. grew its holdings in shares of DICK’S Sporting Goods by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after purchasing an additional 166,687 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of DICK’S Sporting Goods by 5,379.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock worth $37,724,000 after purchasing an additional 164,706 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter worth $19,219,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the transaction, the director now owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the sale, the director now directly owns 5,609 shares in the company, valued at $1,159,099.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at $3,664,218.08. The disclosure for this sale can be found here. Insiders have sold 8,400 shares of company stock valued at $1,811,336 over the last quarter. Company insiders own 32.03% of the company’s stock.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $245.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, May 29th. Bank of America raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their target price for the stock from $225.00 to $240.00 in a research note on Wednesday, May 29th. Robert W. Baird increased their target price on DICK’S Sporting Goods from $225.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. UBS Group increased their target price on DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Finally, TD Cowen increased their target price on DICK’S Sporting Goods from $224.00 to $266.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $237.09.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $202.72 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $234.47. The firm has a market capitalization of $16.52 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 2.21 and a beta of 1.65. The stock’s 50-day simple moving average is $211.49 and its 200-day simple moving average is $193.54.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $2.94 by $0.36. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.40 earnings per share. As a group, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Friday, June 14th. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

DICK’S Sporting Goods Company Profile

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.