Roberts Capital Advisors LLC Buys Shares of 2,732 DICK'S Sporting Goods, Inc. (NYSE:DKS)

Key Points

• Roberts Capital Advisors LLC purchased 2,732 shares of DICK'S Sporting Goods, valued at approximately $551,000, highlighting increased interest from institutional investors in the company.
• CEO Lauren R. Hobart sold 40,166 shares for over $8.2 million, while Director Robert W. Eddy increased his stake by purchasing 1,280 shares, demonstrating contrasting insider trading activities.
• Analysts maintain a consensus "Hold" rating on DICK'S Sporting Goods stock, with a target price around $223.06, reflecting mixed market sentiment.

Roberts Capital Advisors LLC bought a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,732 shares of the sporting goods retailer's stock, valued at approximately $551,000.

A number of other hedge funds have also added to or reduced their stakes in DKS. Oder Investment Management LLC grew its holdings in shares of DICK'S Sporting Goods by 1.0% during the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer's stock worth $1,060,000 after purchasing an additional 51 shares in the last quarter. US Bancorp DE grew its holdings in shares of DICK'S Sporting Goods by 1.1% during the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock worth $955,000 after purchasing an additional 53 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of DICK'S Sporting Goods by 5.9% during the fourth quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock worth $232,000 after purchasing an additional 57 shares in the last quarter. Pine Haven Investment Counsel Inc grew its holdings in shares of DICK'S Sporting Goods by 4.9% during the first quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock worth $258,000 after purchasing an additional 60 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of DICK'S Sporting Goods by 4.4% during the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock worth $292,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Buying and Selling

In related news, CEO Lauren R. Hobart sold 40,166 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $204.58, for a total value of $8,217,160.28. Following the sale, the chief executive officer directly owned 299,990 shares of the company's stock, valued at $61,371,954.20. This represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Eddy purchased 1,280 shares of DICK'S Sporting Goods stock in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average cost of $194.99 per share, for a total transaction of $249,587.20. Following the completion of the purchase, the director owned 6,048 shares of the company's stock, valued at $1,179,299.52. This trade represents a 26.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 69,200 shares of company stock valued at $14,462,923 over the last 90 days. 32.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DKS shares. Loop Capital set a $215.00 price objective on DICK'S Sporting Goods and gave the stock a "hold" rating in a report on Wednesday, July 30th. Wall Street Zen upgraded DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. UBS Group dropped their target price on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. JPMorgan Chase & Co. dropped their target price on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Finally, Citigroup restated a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, DICK'S Sporting Goods currently has an average rating of "Hold" and a consensus target price of $223.06.

DICK'S Sporting Goods Price Performance

Shares of DICK'S Sporting Goods stock opened at $224.16 on Friday. 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 company has a market cap of $17.94 billion, a PE ratio of 16.03, a P/E/G ratio of 3.18 and a beta of 1.07. The business has a 50 day moving average of $202.94 and a 200 day moving average of $201.94. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. The company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. As a group, equities research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is presently 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.

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