Versant Capital Management Inc Purchases 118 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Versant Capital Management Inc increased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 222.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171 shares of the sporting goods retailer’s stock after purchasing an additional 118 shares during the quarter. Versant Capital Management Inc’s holdings in DICK’S Sporting Goods were worth $37,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at $108,908,000. Wedge Capital Management L L P NC bought a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at $47,196,000. Vanguard Group Inc. lifted 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 valued at $1,209,892,000 after acquiring an additional 166,687 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 5,379.0% during the first quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock valued at $37,724,000 after acquiring an additional 164,706 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at $19,219,000. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS traded up $2.50 during mid-day trading on Wednesday, reaching $199.41. The company had a trading volume of 104,715 shares, compared to its average volume of 1,136,382. 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 one year low of $100.98 and a one year high of $234.47. The firm has a market cap of $16.25 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 2.26 and a beta of 1.65. The business’s 50-day simple moving average is $213.90 and its 200 day simple moving average is $197.85.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the firm posted $3.40 earnings per share. DICK’S Sporting Goods’s revenue was up 6.2% compared to the same quarter last year. On average, research analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders 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 dividend yield of 2.21%. The ex-dividend date was Friday, June 14th. DICK’S Sporting Goods’s payout ratio is 36.42%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

DKS has been the subject of a number of analyst reports. 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. Bank of America upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $225.00 to $240.00 in a research report on Wednesday, May 29th. Jefferies Financial Group assumed coverage on DICK’S Sporting Goods in a research report on Friday, April 12th. They issued a “hold” rating and a $211.00 price objective for the company. Robert W. Baird boosted their target price on DICK’S Sporting Goods from $225.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $245.00 target price on shares of DICK’S Sporting Goods in a research report 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.18.

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.