4,400 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Bought by Westpac Banking Corp

Westpac Banking Corp bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 4,400 shares of the sporting goods retailer’s stock, valued at approximately $441,000.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in DICK’S Sporting Goods by 19.7% during the first quarter. BlackRock Inc. now owns 6,439,664 shares of the sporting goods retailer’s stock valued at $490,380,000 after acquiring an additional 1,060,510 shares during the period. Atreides Management LP raised its holdings in DICK’S Sporting Goods by 51.5% during the first quarter. Atreides Management LP now owns 2,502,482 shares of the sporting goods retailer’s stock valued at $190,564,000 after acquiring an additional 850,682 shares during the period. Renaissance Technologies LLC raised its holdings in DICK’S Sporting Goods by 105.3% during the first quarter. Renaissance Technologies LLC now owns 951,400 shares of the sporting goods retailer’s stock valued at $72,449,000 after acquiring an additional 488,000 shares during the period. Holocene Advisors LP raised its holdings in DICK’S Sporting Goods by 320.1% during the first quarter. Holocene Advisors LP now owns 494,726 shares of the sporting goods retailer’s stock valued at $37,673,000 after acquiring an additional 376,974 shares during the period. Finally, Samlyn Capital LLC raised its holdings in DICK’S Sporting Goods by 21.8% during the first quarter. Samlyn Capital LLC now owns 1,974,893 shares of the sporting goods retailer’s stock valued at $150,388,000 after acquiring an additional 352,979 shares during the period. 79.04% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on DKS shares. Wedbush lifted their target price on DICK’S Sporting Goods from $125.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, August 26th. Argus lifted their target price on DICK’S Sporting Goods from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, June 7th. Stifel Nicolaus lifted their target price on DICK’S Sporting Goods from $98.00 to $126.00 and gave the stock a “hold” rating in a report on Thursday, August 26th. Stephens lifted their target price on DICK’S Sporting Goods from $95.00 to $129.00 and gave the stock an “equal weight” rating in a report on Friday, August 27th. Finally, Barclays lifted their target price on DICK’S Sporting Goods from $150.00 to $173.00 and gave the stock an “overweight” rating in a report on Thursday, August 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $126.25.

DICK’S Sporting Goods stock opened at $131.37 on Friday. The company has a 50 day moving average price of $119.75 and a 200-day moving average price of $99.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 1.72. DICK’S Sporting Goods, Inc. has a fifty-two week low of $50.88 and a fifty-two week high of $147.39. The company has a market capitalization of $11.64 billion, a PE ratio of 10.96, a P/E/G ratio of 0.84 and a beta of 1.74.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 24th. The sporting goods retailer reported $5.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.80 by $2.28. DICK’S Sporting Goods had a net margin of 10.69% and a return on equity of 50.69%. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the firm posted $3.21 earnings per share. The company’s revenue was up 20.8% on a year-over-year basis. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 12.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 24th. Investors of record on Friday, September 10th were paid a $0.4375 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, September 9th. This represents a $1.75 dividend on an annualized basis and a yield of 1.33%. DICK’S Sporting Goods’s payout ratio is 28.59%.

In related news, EVP Vladimir Rak sold 10,011 shares of the business’s stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $145.08, for a total value of $1,452,395.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lee J. Belitsky sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $134.86, for a total transaction of $4,720,100.00. The disclosure for this sale can be found here. Insiders sold 68,123 shares of company stock valued at $9,468,718 in the last three months. 30.09% of the stock is currently owned by insiders.

DICK’S Sporting Goods Company Profile

Dick’s Sporting Goods, Inc engages in the retail of extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

Further Reading: What is the Federal Reserve?

Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DICK’S Sporting Goods, Inc. (NYSE:DKS).

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

Receive News & Ratings for DICK'S Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DICK'S Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.