The Advisory Services Network LLC Boosts Stake in Dick’s Sporting Goods Inc. (DKS)

The Advisory Services Network LLC Boosts Stake in Dick’s Sporting Goods Inc. (DKS)

Advisory Services Network LLC increased its position in Dick’s Sporting Goods Inc. (NYSE:DKS) by 7.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,802 shares of the sporting goods retailer’s stock after buying an additional 248 shares during the period. Advisory Services Network LLC’s holdings in Dick’s Sporting Goods were worth $216,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Bremer Trust National Association bought a new position in shares of Dick’s Sporting Goods during the third quarter worth about $224,000. Mason Street Advisors LLC bought a new position in shares of Dick’s Sporting Goods during the second quarter worth about $1,832,000. IFP Advisors Inc raised its position in shares of Dick’s Sporting Goods by 1,257.6% in the second quarter. IFP Advisors Inc now owns 3,204 shares of the sporting goods retailer’s stock worth $144,000 after buying an additional 2,968 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Dick’s Sporting Goods by 80.0% in the second quarter. Public Employees Retirement System of Ohio now owns 51,695 shares of the sporting goods retailer’s stock worth $2,329,000 after buying an additional 22,972 shares during the last quarter. Finally, Personal Capital Advisors Corp raised its position in shares of Dick’s Sporting Goods by 17.0% in the second quarter. Personal Capital Advisors Corp now owns 232,931 shares of the sporting goods retailer’s stock worth $10,496,000 after buying an additional 33,853 shares during the last quarter. Institutional investors own 69.68% of the company’s stock.

Dick’s Sporting Goods Inc. (NYSE:DKS) traded up 0.53% during mid-day trading on Friday, hitting $60.23. 399,586 shares of the stock were exchanged. The company has a market capitalization of $6.66 billion, a PE ratio of 20.85 and a beta of 0.71. Dick’s Sporting Goods Inc. has a 52 week low of $33.44 and a 52 week high of $62.88. The stock’s 50-day moving average is $57.33 and its 200 day moving average is $52.16.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 15th. The sporting goods retailer reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.06. The business earned $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Dick’s Sporting Goods had a net margin of 4.25% and a return on equity of 18.15%. Dick’s Sporting Goods’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. On average, analysts anticipate that Dick’s Sporting Goods Inc. will post $3.10 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be paid a dividend of $0.1513 per share. The ex-dividend date is Wednesday, December 7th. This represents a $0.61 dividend on an annualized basis and a yield of 1.00%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is presently 21.11%.

A number of brokerages have recently issued reports on DKS. B. Riley reiterated a “buy” rating and set a $68.00 target price on shares of Dick’s Sporting Goods in a research report on Monday, November 21st. Zacks Investment Research upgraded shares of Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Friday, November 18th. Brean Capital restated a “buy” rating on shares of Dick’s Sporting Goods in a report on Wednesday, November 16th. RBC Capital Markets increased their price objective on shares of Dick’s Sporting Goods from $66.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, November 16th. Finally, Royal Bank Of Canada increased their price objective on shares of Dick’s Sporting Goods from $66.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $61.26.

In other Dick’s Sporting Goods news, EVP Lauren R. Hobart sold 24,015 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $58.45, for a total transaction of $1,403,676.75. Following the completion of the sale, the executive vice president now owns 57,930 shares in the company, valued at approximately $3,386,008.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lee J. Belitsky sold 15,000 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $58.50, for a total transaction of $877,500.00. Following the sale, the chief financial officer now owns 131,623 shares of the company’s stock, valued at approximately $7,699,945.50. The disclosure for this sale can be found here. Company insiders own 22.96% of the company’s stock.

About Dick’s Sporting Goods

DICK’S Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

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