Champlain Investment Partners LLC bought a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 226,900 shares of the sporting goods retailer's stock, valued at approximately $45,734,000. Champlain Investment Partners LLC owned approximately 0.28% of DICK'S Sporting Goods at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Eisler Capital Management Ltd. boosted its holdings in DICK'S Sporting Goods by 240.1% in the first quarter. Eisler Capital Management Ltd. now owns 25,249 shares of the sporting goods retailer's stock valued at $5,092,000 after purchasing an additional 17,824 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its position in shares of DICK'S Sporting Goods by 90.2% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 8,202 shares of the sporting goods retailer's stock valued at $1,653,000 after purchasing an additional 3,890 shares in the last quarter. Avalon Global Asset Management LLC raised its position in shares of DICK'S Sporting Goods by 31.8% in the 1st quarter. Avalon Global Asset Management LLC now owns 65,900 shares of the sporting goods retailer's stock valued at $13,283,000 after purchasing an additional 15,900 shares in the last quarter. Comerica Bank boosted its stake in shares of DICK'S Sporting Goods by 368.2% during the 1st quarter. Comerica Bank now owns 129,085 shares of the sporting goods retailer's stock valued at $26,019,000 after buying an additional 101,514 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of DICK'S Sporting Goods during the 1st quarter valued at approximately $764,000. 89.83% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 1,026 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $203.50, for a total value of $208,791.00. Following the sale, the executive vice president directly owned 18,139 shares in the company, valued at $3,691,286.50. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lauren R. Hobart sold 40,166 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $204.58, for a total value of $8,217,160.28. Following the sale, the chief executive officer owned 299,990 shares in the company, valued at approximately $61,371,954.20. This represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,200 shares of company stock valued at $14,462,923 in the last quarter. Insiders own 32.55% of the company's stock.
DICK'S Sporting Goods Stock Performance
DKS opened at $226.14 on Thursday. The business has a fifty day simple moving average of $210.30 and a 200-day simple moving average of $201.12. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49. The firm has a market cap of $18.10 billion, a PE ratio of 16.18, a P/E/G ratio of 3.32 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.
DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, hitting 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 firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. As a group, equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Barclays upped their price target on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Robert W. Baird dropped their target price on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research report on Friday, May 16th. Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. UBS Group reduced their price target on shares of DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. lowered their price objective on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Nine analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $223.33.
View Our Latest Analysis on DKS
About DICK'S Sporting Goods
(
Free Report)
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.
Recommended Stories
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 - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider DICK'S Sporting Goods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DICK'S Sporting Goods wasn't on the list.
While DICK'S Sporting Goods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
