Aigen Investment Management LP Acquires Shares of 6,246 DICK'S Sporting Goods, Inc. (NYSE:DKS)

Key Points

• Aigen Investment Management LP has taken a new position in DICK'S Sporting Goods, purchasing 6,246 shares valued at approximately $1.26 million.
• Insider transactions reveal that EVP Julie Lodge-Jarrett sold 3,541 shares while Director Robert W. Eddy acquired 1,357 shares, indicating varied confidence among insiders.
• DICK'S Sporting Goods recently declared a quarterly dividend of $1.2125 per share, with an annualized yield of 2.3%.

Aigen Investment Management LP bought a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 6,246 shares of the sporting goods retailer's stock, valued at approximately $1,259,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Park Square Financial Group LLC purchased a new stake in shares of DICK'S Sporting Goods in the 4th quarter worth about $27,000. Ancora Advisors LLC bought a new stake in DICK'S Sporting Goods during the fourth quarter valued at approximately $28,000. Bessemer Group Inc. grew its position in 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 valued at $33,000 after buying an additional 76 shares during the period. Private Trust Co. NA lifted its holdings in 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, Golden State Wealth Management LLC lifted its holdings in DICK'S Sporting Goods by 1,435.7% during the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. DA Davidson reaffirmed a "buy" rating and set a $230.00 price target on shares of DICK'S Sporting Goods in a research note on Friday, June 27th. Barclays increased their target price on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Wall Street Zen upgraded shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Telsey Advisory Group restated an "outperform" rating and issued a $220.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. Finally, Bank of America decreased their price objective on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, June 24th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Hold" and a consensus target price of $221.50.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 3,541 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 19,165 shares of the company's stock, valued at approximately $3,583,855. This represents a 15.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lauren R. Hobart sold 40,166 shares of DICK'S Sporting Goods stock in a transaction on Friday, June 27th. The shares were sold at an average price of $204.58, for a total value of $8,217,160.28. Following the sale, the chief executive officer directly owned 299,990 shares of the company's stock, valued at $61,371,954.20. This represents a 11.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,866 shares of company stock worth $11,462,773 in the last quarter. Company insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Price Performance

DKS traded up $4.06 during trading on Wednesday, hitting $226.27. The company's stock had a trading volume of 1,321,913 shares, compared to its average volume of 1,171,807. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The stock has a market capitalization of $18.11 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 3.17 and a beta of 1.07. The firm's 50 day moving average price is $201.19 and its two-hundred day moving average price is $202.28.

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 (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 business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. Sell-side analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is 34.69%.

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.