Genus Capital Management Inc. Takes $3.12 Million Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Genus Capital Management Inc. purchased a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,483 shares of the sporting goods retailer's stock, valued at approximately $3,121,000.

Several other large investors also recently modified their holdings of the company. Independent Advisor Alliance raised its position in shares of DICK'S Sporting Goods by 5.4% during the fourth quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock valued at $235,000 after buying an additional 53 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in DICK'S Sporting Goods by 5.9% in the 4th 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 boosted its holdings in shares of DICK'S Sporting Goods by 4.9% during the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock valued at $258,000 after purchasing an additional 60 shares during the last quarter. Private Trust Co. NA grew its position in shares of DICK'S Sporting Goods by 54.1% during 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. Finally, Bessemer Group Inc. increased its holdings in shares of 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 worth $44,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

DKS has been the topic of a number of recent research reports. Bank of America decreased their price target on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. Robert W. Baird lowered their price objective on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday, May 16th. TD Cowen downgraded DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 target price on the stock. in a research report on Thursday, May 15th. Wells Fargo & Company lifted their price objective on shares of DICK'S Sporting Goods from $171.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Barclays increased their target price on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $219.56.

DICK'S Sporting Goods Price Performance

Shares of DICK'S Sporting Goods stock traded down $1.12 on Monday, reaching $208.87. The company's stock had a trading volume of 1,306,661 shares, compared to its average volume of 1,527,892. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a market capitalization of $16.72 billion, a P/E ratio of 14.94, a PEG ratio of 3.00 and a beta of 1.07. 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 stock has a 50-day moving average price of $187.86 and a 200-day moving average price of $204.77.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting analysts' consensus estimates 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 analysts' expectations of $3.12 billion. Analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS 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. Stockholders of record on Friday, June 13th were issued a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.32%. DICK'S Sporting Goods's dividend payout ratio is currently 34.69%.

Insider Buying and Selling

In other DICK'S Sporting Goods news, EVP Navdeep Gupta sold 9,303 shares of the stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $215.00, for a total transaction of $2,000,145.00. Following the completion of the transaction, the executive vice president owned 87,778 shares of the company's stock, valued at $18,872,270. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Elizabeth H. Baran sold 1,830 shares of DICK'S Sporting Goods stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the completion of the sale, the senior vice president owned 12,465 shares of the company's stock, valued at $2,550,962.25. This trade represents a 12.80% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,866 shares of company stock valued at $11,462,773. 32.55% of the stock is currently owned by company insiders.

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.