Fifth Third Wealth Advisors LLC takes position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Fifth Third Wealth Advisors LLC purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,971 shares of the sporting goods retailer’s stock, valued at approximately $423,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DKS. International Assets Investment Management LLC acquired a new position in DICK’S Sporting Goods in the 4th quarter valued at about $19,219,000. Cerity Partners LLC purchased a new stake in DICK’S Sporting Goods in the fourth quarter valued at $241,000. Daiwa Securities Group Inc. grew its position in DICK’S Sporting Goods by 5.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,100 shares of the sporting goods retailer’s stock worth $602,000 after buying an additional 200 shares during the period. Greenleaf Trust purchased a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at $230,000. Finally, Signaturefd LLC raised its position in shares of DICK’S Sporting Goods by 30.5% during the 4th quarter. Signaturefd LLC now owns 638 shares of the sporting goods retailer’s stock worth $94,000 after purchasing another 149 shares in the last quarter. 89.83% of shares are currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock traded down $0.03 during mid-day trading on Thursday, hitting $235.42. 108,664 shares of the company traded hands, compared to its average volume of 1,117,657. DICK’S Sporting Goods, Inc. has a 12-month low of $100.98 and a 12-month high of $236.25. The company has a market cap of $19.18 billion, a P/E ratio of 19.50, a PEG ratio of 2.26 and a beta of 1.65. The company’s 50-day simple moving average is $212.54, and its two-hundred-day simple moving average is $202.18. 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 (NYSE:DKS – Get Your Free Report ) last posted 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. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.94 billion. In the same quarter last year, the company posted EPS of $3.40. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Analysts estimate that DICK’S Sporting Goods, Inc. will record 13.76 earnings per share for the current fiscal 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 $1.10 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents an annualized dividend of $4.40 and a dividend yield of 1.87%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.42%.

Indoor activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s 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 transaction, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,664,218.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. In related news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the sale, the director now owns 5,609 shares in the company, valued at $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which can be accessed via this link. 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 transaction of $1,090,118.20. Following the transaction, the executive vice president now owns 16,504 shares in the company, valued at $3,664,218.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,400 shares of company stock worth $1,811,336. Corporate insiders own 32.03% of the company’s shares.

The Wall Street analyst weighs in

A number of brokerages have issued reports on DKS. Loop Capital cut their price target on DICK’S Sporting Goods from $230.00 to $200.00 and set a “hold” rating on the stock 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 report on Wednesday, June 5th. Truist Financial upped their target price on shares of 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. Robert W. Baird raised their price objective on DICK’S Sporting Goods from $225.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Finally, DA Davidson raised their target price on DICK’S Sporting Goods from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Moderate Buy” and a consensus price target of $236.05, based on data from MarketBeat.com.

Check out the latest stock analysis on DICK’S Sporting Goods

DICK’S Sporting Goods Company Profile

(Free Report)

DICK’S Sporting Goods, Inc, together with its subsidiaries, operates as an omnichannel sporting goods distributor primarily in the United States. The company offers hard lines, including sporting goods equipment, fitness equipment, golf equipment and fishing tackle products; clothing; and footwear and accessories.

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