Westpac Banking Corp increased its stake in shares of Dick’s Sporting Goods Inc. (NYSE:DKS) by 311.3% during the second quarter, Holdings Channel reports. The institutional investor owned 160,106 shares of the sporting goods retailer’s stock after buying an additional 121,178 shares during the period. Westpac Banking Corp owned about 0.14% of Dick’s Sporting Goods worth $6,360,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new stake in Dick’s Sporting Goods during the first quarter valued at approximately $103,000. Creative Planning boosted its stake in Dick’s Sporting Goods by 84.3% in the second quarter. Creative Planning now owns 3,072 shares of the sporting goods retailer’s stock valued at $138,000 after buying an additional 1,405 shares in the last quarter. Financial Architects Inc boosted its stake in Dick’s Sporting Goods by 1,517.1% in the second quarter. Financial Architects Inc now owns 3,412 shares of the sporting goods retailer’s stock valued at $154,000 after buying an additional 3,201 shares in the last quarter. Advisory Services Network LLC boosted its stake in Dick’s Sporting Goods by 41.6% in the second quarter. Advisory Services Network LLC now owns 3,554 shares of the sporting goods retailer’s stock valued at $160,000 after buying an additional 1,044 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in Dick’s Sporting Goods by 50.9% in the second quarter. Synovus Financial Corp now owns 4,300 shares of the sporting goods retailer’s stock valued at $194,000 after buying an additional 1,450 shares during the period. 72.16% of the stock is owned by hedge funds and other institutional investors.

Dick’s Sporting Goods Inc. (NYSE:DKS) traded down 0.1100% during mid-day trading on Tuesday, hitting $60.7631. The stock had a trading volume of 57,178 shares. The firm’s 50-day moving average is $57.16 and its 200 day moving average is $48.20. The stock has a market cap of $6.86 billion, a PE ratio of 21.2830 and a beta of 0.83. Dick’s Sporting Goods Inc. has a one year low of $33.42 and a one year high of $61.61.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, August 16th. The sporting goods retailer reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.13. Dick’s Sporting Goods had a net margin of 4.32% and a return on equity of 18.43%. The firm earned $2 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue was up 8.0% on a year-over-year basis. Equities research analysts expect that Dick’s Sporting Goods Inc. will post $3.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be paid a $0.1513 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, September 7th. Dick’s Sporting Goods’s dividend payout ratio is 21.33%.

Several research firms have issued reports on DKS. B. Riley restated a “buy” rating and set a $61.00 price target on shares of Dick’s Sporting Goods in a research report on Friday, August 12th. RBC Capital Markets restated an “outperform” rating and set a $66.00 price target (up from $59.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, August 17th. Cleveland Research upgraded Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Friday, August 5th. Forward View Consulting set a $64.00 price target on Dick’s Sporting Goods and gave the stock a “buy” rating in a research report on Thursday, August 18th. Finally, Vetr lowered Dick’s Sporting Goods from a “buy” rating to a “hold” rating and set a $61.50 price target for the company. in a research report on Tuesday, September 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $59.09.

In other Dick’s Sporting Goods news, EVP Michele Willoughby sold 36,737 shares of Dick’s Sporting Goods stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $58.78, for a total transaction of $2,159,400.86. Following the completion of the sale, the executive vice president now owns 98,923 shares of the company’s stock, valued at approximately $5,814,693.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.96% of the stock is currently owned by corporate insiders.

Dick’s Sporting Goods Company Profile

DICK’S Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

5 Day Chart for NYSE:DKS

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).

Receive News & Ratings for Dick's Sporting Goods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.