V Square Quantitative Management LLC Has $172,000 Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

V Square Quantitative Management LLC increased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 613.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 799 shares of the sporting goods retailer’s stock after purchasing an additional 687 shares during the quarter. V Square Quantitative Management LLC’s holdings in DICK’S Sporting Goods were worth $172,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position 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 buying an additional 166,687 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of DICK’S Sporting Goods by 4.2% during 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 purchasing an additional 94,745 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of DICK’S Sporting Goods by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock valued at $118,621,000 after purchasing an additional 10,091 shares in the last quarter. Norges Bank bought a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at about $108,908,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of DICK’S Sporting Goods by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 402,025 shares of the sporting goods retailer’s stock valued at $59,078,000 after purchasing an additional 3,414 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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 completion of the sale, the director now directly owns 5,609 shares in the company, valued at approximately $1,159,099.85. The sale was disclosed in a filing with the SEC, which is available through this link. 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 stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the transaction, the director now directly owns 5,609 shares in the company, valued at $1,159,099.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The disclosure for this sale can be found here. Insiders sold a total of 8,400 shares of company stock worth $1,811,336 in the last ninety days. 32.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DKS shares. Citigroup lifted their price objective on DICK’S Sporting Goods from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Wells Fargo & Company cut their price objective on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday. TD Cowen lifted their price objective on DICK’S Sporting Goods from $224.00 to $266.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Robert W. Baird lifted their price objective on DICK’S Sporting Goods from $225.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Finally, Bank of America upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the company from $225.00 to $240.00 in a research note on Wednesday, May 29th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average price target of $236.05.

DICK’S Sporting Goods Stock Performance

NYSE DKS traded up $9.07 on Thursday, reaching $222.89. The stock had a trading volume of 99,932 shares, compared to its average volume of 1,123,125. The firm has a fifty day moving average of $211.86 and a two-hundred day moving average of $199.80. The company has a market cap of $18.16 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 0.65. DICK’S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year high of $234.47.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. The firm had revenue of $3.02 billion during 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 company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.40 EPS. On average, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.97%. DICK’S Sporting Goods’s dividend 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.