Vista Capital Partners Inc. Acquires 57 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Vista Capital Partners Inc. raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,057 shares of the sporting goods retailer’s stock after buying an additional 57 shares during the quarter. Vista Capital Partners Inc.’s holdings in DICK’S Sporting Goods were worth $227,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of DICK’S Sporting Goods in the first quarter valued at $25,000. Covestor Ltd raised its stake in shares of DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares during the period. Innealta Capital LLC bought a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $31,000. ORG Partners LLC bought a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $30,000. Finally, Versant Capital Management Inc raised its stake in shares of DICK’S Sporting Goods by 222.6% in the second quarter. Versant Capital Management Inc now owns 171 shares of the sporting goods retailer’s stock valued at $37,000 after buying an additional 118 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s 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 approximately $1,159,099.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $216.95 on Friday. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. The business has a 50-day simple moving average of $215.24 and a 200 day simple moving average of $209.32. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the business earned $2.82 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 19th. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DKS shares. Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Truist Financial lifted their price target on DICK’S Sporting Goods from $243.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. lifted their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Bank of America lifted their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Loop Capital lifted their price target on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $244.62.

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.