DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Holdings Increased by Oder Investment Management LLC

Oder Investment Management LLC raised its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,258 shares of the sporting goods retailer’s stock after acquiring an additional 51 shares during the period. Oder Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $1,060,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DKS. Westfield Capital Management Co. LP increased its position in shares of DICK’S Sporting Goods by 1,899.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock valued at $127,097,000 after purchasing an additional 599,025 shares during the period. Vanguard Group Inc. increased its position in shares of DICK’S Sporting Goods by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock valued at $1,179,171,000 after purchasing an additional 471,217 shares during the period. Junto Capital Management LP acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at $89,351,000. GAMMA Investing LLC increased its position in shares of DICK’S Sporting Goods by 24,140.8% during the 1st quarter. GAMMA Investing LLC now owns 291,859 shares of the sporting goods retailer’s stock valued at $58,827,000 after purchasing an additional 290,655 shares during the period. Finally, Invesco Ltd. increased its position in shares of DICK’S Sporting Goods by 36.2% during the 1st quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock valued at $162,924,000 after purchasing an additional 214,718 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DKS shares. Truist Financial set a $230.00 price target on DICK’S Sporting Goods in a research report on Wednesday, May 28th. Citigroup reiterated a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 29th. JPMorgan Chase & Co. decreased their target price on DICK’S Sporting Goods from $224.00 to $195.00 and set a “neutral” rating on the stock in a report on Thursday, May 29th. DA Davidson restated a “buy” rating and issued a $230.00 target price on shares of DICK’S Sporting Goods in a report on Friday, June 27th. Finally, Wells Fargo & Company lifted their target price on DICK’S Sporting Goods from $187.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $223.06.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 40,166 shares of DICK’S Sporting Goods stock in a transaction on Friday, June 27th. The stock was sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the completion of the sale, the chief executive officer owned 299,990 shares of the company’s stock, valued at approximately $61,371,954.20. This trade represents a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the sale, the executive vice president directly owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. The trade was a 15.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,200 shares of company stock valued at $14,462,923 in the last ninety days. Company insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $224.16 on Friday. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $17.94 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 3.18 and a beta of 1.07. The stock’s fifty day simple moving average is $202.94 and its 200-day simple moving average is $201.94.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.37. DICK’S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. On average, sell-side analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $1.2125 per share. The ex-dividend date was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. DICK’S Sporting Goods’s payout ratio is currently 34.69%.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.