Compound Planning Inc. Acquires 70 Shares of DICK’S Sporting Goods, Inc. $DKS

Compound Planning Inc. increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,291 shares of the sporting goods retailer’s stock after purchasing an additional 70 shares during the quarter. Compound Planning Inc.’s holdings in DICK’S Sporting Goods were worth $260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Park Square Financial Group LLC bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $27,000. Ancora Advisors LLC bought a new stake in DICK’S Sporting Goods in the fourth quarter valued at approximately $28,000. Private Trust Co. NA increased its stake in DICK’S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock valued at $38,000 after purchasing an additional 66 shares in the last quarter. Golden State Wealth Management LLC increased its stake in DICK’S Sporting Goods by 1,435.7% in the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in DICK’S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock valued at $44,000 after purchasing an additional 72 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Insider Activity at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 40,166 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the completion of the sale, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Elizabeth H. Baran sold 1,830 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total transaction of $374,509.50. Following the transaction, the senior vice president owned 12,465 shares of the company’s stock, valued at $2,550,962.25. The trade was a 12.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,200 shares of company stock valued at $14,462,923 over the last three months. Insiders own 32.55% of the company’s stock.

Analyst Ratings Changes

DKS has been the subject of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $230.00 target price on shares of DICK’S Sporting Goods in a research note on Friday, June 27th. Loop Capital set a $215.00 target price on shares of DICK’S Sporting Goods and gave the company a “hold” rating in a research note on Wednesday, July 30th. Gordon Haskett raised shares of DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research note on Friday, July 25th. UBS Group lowered their target price on shares of DICK’S Sporting Goods from $260.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. Finally, Wells Fargo & Company upped their target price on shares of DICK’S Sporting Goods from $187.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $223.33.

DICK’S Sporting Goods Stock Down 0.3%

Shares of DKS stock opened at $226.14 on Thursday. The firm has a fifty day moving average of $210.30 and a 200-day 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. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The company has a market capitalization of $18.10 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 3.32 and a beta of 1.07.

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

DICK’S Sporting Goods Profile

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.