6,835 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Acquired by Transform Wealth LLC

Transform Wealth LLC purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,835 shares of the sporting goods retailer’s stock, valued at approximately $1,544,000.

A number of other institutional investors also recently made changes to their positions in the business. US Bancorp DE raised its position in shares of DICK’S Sporting Goods by 1.5% in the 4th quarter. US Bancorp DE now owns 4,901 shares of the sporting goods retailer’s stock valued at $720,000 after purchasing an additional 71 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of DICK’S Sporting Goods by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,370 shares of the sporting goods retailer’s stock valued at $1,965,000 after purchasing an additional 87 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of DICK’S Sporting Goods by 0.3% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 28,218 shares of the sporting goods retailer’s stock valued at $4,147,000 after purchasing an additional 94 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of DICK’S Sporting Goods by 1.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,479 shares of the sporting goods retailer’s stock valued at $952,000 after acquiring an additional 113 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of DICK’S Sporting Goods by 280.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock valued at $28,000 after acquiring an additional 140 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

DKS stock traded down $6.07 during trading on Thursday, reaching $220.13. 793,345 shares of the company’s stock were exchanged, compared to its average volume of 1,158,404. 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, Inc. has a 1-year low of $100.98 and a 1-year high of $234.47. The company’s fifty day moving average price is $208.81 and its 200-day moving average price is $184.68. The firm has a market cap of $17.94 billion, a PE ratio of 18.22, a P/E/G ratio of 2.65 and a beta of 1.62.

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

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $1.10 dividend. The ex-dividend date is Friday, June 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.00%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Loop Capital boosted their price target on DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a report on Monday, March 18th. Wells Fargo & Company boosted their price target on DICK’S Sporting Goods from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Bank of America upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $225.00 to $240.00 in a report on Wednesday, May 29th. Evercore ISI boosted their price target on DICK’S Sporting Goods from $240.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Finally, Barclays boosted their price target on DICK’S Sporting Goods from $231.00 to $247.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.09.

Insider Activity

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at $3,664,218.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 32.03% of the company’s stock.

About DICK’S Sporting Goods

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.