Alps Advisors Inc. Acquires 1,410 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Alps Advisors Inc. grew its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 7.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,755 shares of the sporting goods retailer's stock after purchasing an additional 1,410 shares during the period. Alps Advisors Inc.'s holdings in DICK'S Sporting Goods were worth $3,982,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of DICK'S Sporting Goods during the fourth quarter worth $12,413,000. Daiwa Securities Group Inc. increased its position in DICK'S Sporting Goods by 32.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,950 shares of the sporting goods retailer's stock valued at $1,362,000 after buying an additional 1,450 shares in the last quarter. Independent Advisor Alliance boosted its stake in shares of DICK'S Sporting Goods by 5.4% in the 4th quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock worth $235,000 after buying an additional 53 shares during the last quarter. HighTower Advisors LLC raised its holdings in DICK'S Sporting Goods by 298.8% during the 4th quarter. HighTower Advisors LLC now owns 12,756 shares of the sporting goods retailer's stock valued at $2,919,000 after acquiring an additional 19,171 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in DICK'S Sporting Goods by 88.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,792 shares of the sporting goods retailer's stock valued at $410,000 after acquiring an additional 842 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS traded down $2.59 during midday trading on Tuesday, reaching $206.26. The company had a trading volume of 1,357,400 shares, compared to its average volume of 1,295,453. The stock has a market cap of $16.51 billion, a P/E ratio of 14.75, a P/E/G ratio of 3.00 and a beta of 1.07. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The business's 50-day simple moving average is $187.86 and its 200 day simple moving average is $204.77. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.37. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The business had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. On average, 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 disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $1.2125 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a yield of 2.35%. DICK'S Sporting Goods's dividend payout ratio is currently 34.69%.

Insider Transactions at DICK'S Sporting Goods

In other news, Director Robert W. Eddy bought 1,357 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were purchased at an average price of $185.31 per share, for a total transaction of $251,465.67. Following the purchase, the director owned 4,768 shares of the company's stock, valued at approximately $883,558.08. The trade was a 39.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lauren R. Hobart sold 40,166 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 299,990 shares of the company's stock, valued at $61,371,954.20. This represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,866 shares of company stock valued at $11,462,773 over the last 90 days. Corporate insiders own 32.55% of the company's stock.

Wall Street Analysts Forecast Growth

DKS has been the topic of several analyst reports. TD Cowen downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target on the stock. in a report on Thursday, May 15th. 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. Stifel Nicolaus lowered their target price on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Citigroup reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. Finally, UBS Group lowered their price objective on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $219.56.

DICK'S Sporting Goods Company 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.