Genus Capital Management Inc. Acquires Shares of 15,483 DICK'S Sporting Goods, Inc. (NYSE:DKS)

Genus Capital Management Inc. acquired a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,483 shares of the sporting goods retailer's stock, valued at approximately $3,121,000.

Other hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in shares of DICK'S Sporting Goods during the fourth quarter worth $27,000. Ancora Advisors LLC acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at $28,000. Bessemer Group Inc. raised its stake in shares of DICK'S Sporting Goods by 108.6% in the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock valued at $33,000 after acquiring an additional 76 shares in the last quarter. Private Trust Co. NA raised its stake in shares of 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 acquiring an additional 66 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of 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 acquiring an additional 201 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS traded down $4.74 during midday trading on Friday, reaching $209.89. 1,261,281 shares of the company were exchanged, compared to its average volume of 1,297,857. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The stock has a fifty day simple moving average of $187.86 and a 200 day simple moving average of $205.12. The stock has a market cap of $16.80 billion, a P/E ratio of 15.01, a PEG ratio of 3.06 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. On average, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal 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 paid a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.69%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DKS. DA Davidson reiterated a "buy" rating and issued a $230.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday, June 27th. Truist Financial set a $230.00 price objective on DICK'S Sporting Goods in a research note on Wednesday, May 28th. Wells Fargo & Company increased their price objective on DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Telsey Advisory Group reiterated an "outperform" rating and issued a $220.00 price objective on shares of DICK'S Sporting Goods in a research note on Wednesday, May 28th. Finally, Citigroup restated a "neutral" rating on shares of DICK'S Sporting Goods 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $219.56.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, SVP Elizabeth H. Baran sold 1,830 shares of the company's stock in a transaction 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 directly owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. This represents a 12.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lauren R. Hobart sold 40,166 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the sale, the chief executive officer directly owned 299,990 shares of the company's stock, valued at approximately $61,371,954.20. This trade represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,866 shares of company stock worth $11,462,773. Corporate insiders own 32.55% of the company's stock.

About DICK'S Sporting Goods

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.