Achmea Investment Management B.V. Sells 15,285 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Achmea Investment Management B.V. lessened its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 50.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,822 shares of the sporting goods retailer's stock after selling 15,285 shares during the quarter. Achmea Investment Management B.V.'s holdings in DICK'S Sporting Goods were worth $2,988,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Park Square Financial Group LLC acquired a new stake 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 4th quarter valued at about $28,000. Rialto Wealth Management LLC bought a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $30,000. Bessemer Group Inc. boosted its position in shares of DICK'S Sporting Goods by 108.6% during the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after buying an additional 76 shares during the period. Finally, Promus Capital LLC bought a new position in shares of DICK'S Sporting Goods during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded up $9.33 during mid-day trading on Tuesday, hitting $207.14. 945,054 shares of the company's stock traded hands, compared to its average volume of 1,287,033. The firm has a 50 day simple moving average of $184.24 and a two-hundred day simple moving average of $205.74. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 2.89 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its 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 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. On average, research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's payout ratio is 34.69%.

DICK'S Sporting Goods announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Loop Capital dropped their target price on DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating on the stock in a research report on Friday, May 16th. Telsey Advisory Group reiterated an "outperform" rating and issued a $220.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. JPMorgan Chase & Co. cut their price objective on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Citigroup reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. Finally, TD Cowen downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective for the company. in a research note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Hold" and a consensus price target of $219.56.

Insider Activity at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 3,541 shares of DICK'S Sporting Goods stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $187.00, for a total transaction of $662,167.00. Following the completion of the sale, the executive vice president directly owned 19,165 shares of the company's stock, valued at approximately $3,583,855. This trade represents a 15.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert W. Eddy acquired 1,357 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was purchased at an average cost of $185.31 per share, for a total transaction of $251,465.67. Following the completion of the acquisition, the director owned 4,768 shares in the company, valued at approximately $883,558.08. This represents a 39.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. 32.55% of the stock is currently owned by corporate 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.