12,000 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Acquired by MYDA Advisors LLC

MYDA Advisors LLC bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the first quarter, HoldingsChannel reports. The fund bought 12,000 shares of the sporting goods retailer’s stock, valued at approximately $914,000.

Other large investors also recently made changes to their positions in the company. Ceredex Value Advisors LLC acquired a new stake in DICK’S Sporting Goods during the 4th quarter valued at $28,000. AdvisorNet Financial Inc grew its holdings in DICK’S Sporting Goods by 1,566.7% during the 4th quarter. AdvisorNet Financial Inc now owns 700 shares of the sporting goods retailer’s stock valued at $39,000 after buying an additional 658 shares during the last quarter. NEXT Financial Group Inc grew its holdings in DICK’S Sporting Goods by 2,012.5% during the 1st quarter. NEXT Financial Group Inc now owns 845 shares of the sporting goods retailer’s stock valued at $65,000 after buying an additional 805 shares during the last quarter. Focused Wealth Management Inc acquired a new stake in DICK’S Sporting Goods during the 4th quarter valued at $67,000. Finally, Advisors Asset Management Inc. grew its holdings in DICK’S Sporting Goods by 28.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,008 shares of the sporting goods retailer’s stock valued at $153,000 after buying an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 78.88% of the company’s stock.

A number of equities research analysts have commented on the company. Stephens upgraded DICK’S Sporting Goods from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $74.00 to $95.00 in a report on Friday, June 4th. Telsey Advisory Group increased their price target on DICK’S Sporting Goods from $80.00 to $98.00 and gave the stock an “outperform” rating in a research note on Monday, May 24th. Cowen increased their price target on DICK’S Sporting Goods from $81.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 16th. The Goldman Sachs Group increased their price target on DICK’S Sporting Goods from $76.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, May 4th. Finally, Barclays increased their price target on DICK’S Sporting Goods from $86.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, May 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $88.18.

In related news, SVP John Edward Hayes III sold 6,592 shares of DICK’S Sporting Goods stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $78.08, for a total value of $514,703.36. Following the completion of the transaction, the senior vice president now directly owns 67,573 shares in the company, valued at $5,276,099.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lee J. Belitsky sold 25,000 shares of DICK’S Sporting Goods stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $79.25, for a total value of $1,981,250.00. Following the completion of the transaction, the chief financial officer now owns 279,647 shares of the company’s stock, valued at $22,162,024.75. The disclosure for this sale can be found here. Insiders have sold 164,675 shares of company stock valued at $15,775,263 over the last 90 days. Insiders own 30.57% of the company’s stock.

NYSE DKS traded up $1.40 during trading hours on Friday, hitting $98.75. The company had a trading volume of 9,893 shares, compared to its average volume of 1,865,607. DICK’S Sporting Goods, Inc. has a fifty-two week low of $34.66 and a fifty-two week high of $101.30. The stock has a market cap of $8.82 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 1.60 and a beta of 1.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.56 and a quick ratio of 0.78. The business’s 50 day moving average is $87.62.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, May 25th. The sporting goods retailer reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $2.75. DICK’S Sporting Goods had a return on equity of 46.98% and a net margin of 9.27%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the firm earned ($1.21) EPS. As a group, equities analysts predict that DICK’S Sporting Goods, Inc. will post 8.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Stockholders of record on Friday, June 11th will be paid a dividend of $0.363 per share. The ex-dividend date of this dividend is Thursday, June 10th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $0.36. This represents a $1.45 annualized dividend and a dividend yield of 1.47%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 23.69%.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

See Also: Systematic Risk

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Institutional Ownership by Quarter for DICK`S Sporting Goods (NYSE:DKS)

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