Shelton Capital Management purchased a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,832 shares of the sporting goods retailer’s stock, valued at approximately $222,000.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC boosted its stake in DICK’S Sporting Goods by 96.1% during the second quarter. FMR LLC now owns 4,271,686 shares of the sporting goods retailer’s stock valued at $176,249,000 after buying an additional 2,093,232 shares during the last quarter. Balyasny Asset Management LLC boosted its stake in DICK’S Sporting Goods by 394.2% during the second quarter. Balyasny Asset Management LLC now owns 1,383,973 shares of the sporting goods retailer’s stock valued at $57,103,000 after buying an additional 1,103,907 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in DICK’S Sporting Goods by 469.3% during the second quarter. Nuveen Asset Management LLC now owns 897,299 shares of the sporting goods retailer’s stock valued at $37,023,000 after buying an additional 739,689 shares during the last quarter. Marshall Wace LLP boosted its stake in DICK’S Sporting Goods by 121.3% during the second quarter. Marshall Wace LLP now owns 637,564 shares of the sporting goods retailer’s stock valued at $26,304,000 after buying an additional 349,451 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in DICK’S Sporting Goods by 17.1% during the second quarter. Two Sigma Advisers LP now owns 600,701 shares of the sporting goods retailer’s stock valued at $24,785,000 after buying an additional 87,800 shares during the last quarter. 70.35% of the stock is owned by institutional investors.

In related news, CEO Edward W. Stack sold 250,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $51.97, for a total value of $12,992,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Edward Hayes III sold 1,800 shares of the company’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $58.01, for a total transaction of $104,418.00. Following the completion of the sale, the senior vice president now directly owns 34,891 shares of the company’s stock, valued at $2,024,026.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 547,736 shares of company stock valued at $30,365,146. 30.57% of the stock is owned by insiders.

A number of equities analysts recently commented on the company. UBS Group increased their price target on DICK’S Sporting Goods from $47.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Morgan Stanley raised DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $40.00 to $65.00 in a research note on Thursday, August 27th. Cleveland Research raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating in a research note on Friday, September 25th. Barclays raised their price objective on DICK’S Sporting Goods from $51.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Finally, Robert W. Baird raised their price objective on DICK’S Sporting Goods from $40.00 to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $52.80.

Shares of NYSE DKS opened at $58.51 on Friday. The business’s 50 day moving average price is $57.92 and its 200-day moving average price is $46.96. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.59 and a beta of 1.83. DICK’S Sporting Goods, Inc. has a fifty-two week low of $13.46 and a fifty-two week high of $63.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 1.35.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, August 26th. The sporting goods retailer reported $3.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $1.97. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.46 billion. DICK’S Sporting Goods had a return on equity of 19.21% and a net margin of 3.03%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 EPS. Sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 4.26 earnings per share for the current year.

DICK’S Sporting Goods Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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Institutional Ownership by Quarter for DICK`S Sporting Goods (NYSE:DKS)

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