DICK’S Sporting Goods, Inc. (NYSE:DKS) is D.B. Root & Company LLC’s 8th Largest Position

D.B. Root & Company LLC lessened its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,339 shares of the sporting goods retailer’s stock after selling 300 shares during the quarter. DICK’S Sporting Goods accounts for 1.9% of D.B. Root & Company LLC’s portfolio, making the stock its 8th largest position. D.B. Root & Company LLC’s holdings in DICK’S Sporting Goods were worth $5,659,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of DICK’S Sporting Goods by 3.2% during the first 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 last quarter. Victory Capital Management Inc. lifted its holdings in shares of DICK’S Sporting Goods by 4.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock valued at $342,984,000 after buying an additional 94,745 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of DICK’S Sporting Goods by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock worth $118,621,000 after buying an additional 10,091 shares during the last quarter. Norges Bank acquired a new stake in DICK’S Sporting Goods during the fourth quarter worth about $108,908,000. Finally, Charles Schwab Investment Management Inc. raised its position in DICK’S Sporting Goods by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 402,025 shares of the sporting goods retailer’s stock valued at $59,078,000 after acquiring an additional 3,414 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

DKS traded down $2.63 during trading on Monday, reaching $204.50. The company’s stock had a trading volume of 631,631 shares, compared to its average volume of 1,132,867. The company has a market cap of $16.66 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.26 and a beta of 1.65. The firm has a fifty day simple moving average of $212.04 and a two-hundred day simple moving average of $199.26. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $234.47. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.36. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $3.40 earnings per share. As a group, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DKS shares. Truist Financial raised their price objective on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. DA Davidson raised their price target on shares of DICK’S Sporting Goods from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Loop Capital decreased their price objective on shares of DICK’S Sporting Goods from $230.00 to $200.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Wedbush restated a “neutral” rating and set a $230.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. upped their price target on DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Eleven analysts have rated the stock with 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 an average target price of $236.05.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total value of $1,090,118.20. Following the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at $3,664,218.08. The transaction was disclosed in a legal 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 stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of 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 legal filing with the SEC, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 4,910 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of the sale, the executive vice president now directly 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 worth $1,811,336 in the last ninety days. 32.03% of the stock is owned by insiders.

DICK’S Sporting Goods 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.