Versant Capital Management Inc Grows Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Versant Capital Management Inc grew its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 222.6% during the second quarter, HoldingsChannel reports. The firm owned 171 shares of the sporting goods retailer’s stock after acquiring an additional 118 shares during the period. Versant Capital Management Inc’s holdings in DICK’S Sporting Goods were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Assenagon Asset Management S.A. purchased a new stake in DICK’S Sporting Goods in the fourth quarter valued at approximately $216,000. Blue Trust Inc. increased its position in shares of DICK’S Sporting Goods by 236.8% during the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after acquiring an additional 206 shares during the period. Trust Point Inc. purchased a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth $208,000. International Assets Investment Management LLC purchased a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth $19,219,000. Finally, Arkadios Wealth Advisors increased its position in shares of DICK’S Sporting Goods by 8.4% during the fourth quarter. Arkadios Wealth Advisors now owns 3,528 shares of the sporting goods retailer’s stock worth $518,000 after acquiring an additional 274 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Performance

NYSE DKS traded up $2.50 during trading hours on Wednesday, hitting $199.41. 104,715 shares of the stock were exchanged, compared to its average volume of 1,136,382. DICK’S Sporting Goods, Inc. has a 12-month low of $100.98 and a 12-month high of $234.47. The stock has a 50-day moving average of $213.90 and a 200 day moving average of $197.85. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. DICK’S Sporting Goods’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $3.40 EPS. As a group, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $1.10 dividend. The ex-dividend date was Friday, June 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.21%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Oppenheimer upped their price objective on DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Jefferies Financial Group initiated coverage on shares of DICK’S Sporting Goods in a research note on Friday, April 12th. They set a “hold” rating and a $211.00 target price for the company. Morgan Stanley boosted their target price on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Evercore ISI boosted their target price on shares of DICK’S Sporting Goods from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Finally, Barclays boosted their target price on shares of DICK’S Sporting Goods from $231.00 to $247.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $236.18.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of DICK’S Sporting Goods stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the sale, the director now directly owns 5,609 shares in the company, valued at approximately $1,159,099.85. The disclosure for this sale can be found here. Insiders have sold a total of 8,400 shares of company stock worth $1,811,336 in the last quarter. 32.03% of the stock is owned by insiders.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.