Alps Advisors Inc. Has $3.98 Million Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Alps Advisors Inc. lifted its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Park Square Financial Group LLC acquired a new position in DICK'S Sporting Goods during the 4th quarter worth $27,000. Ancora Advisors LLC bought a new stake in DICK'S Sporting Goods during the 4th quarter worth about $28,000. Bessemer Group Inc. lifted its position in DICK'S Sporting Goods by 108.6% during the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock valued at $33,000 after purchasing an additional 76 shares during the period. Private Trust Co. NA boosted its stake in shares of DICK'S Sporting Goods by 54.1% in the 1st 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 during the last quarter. Finally, Golden State Wealth Management LLC grew its position in shares of DICK'S Sporting Goods by 1,435.7% during the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after buying an additional 201 shares during the period. 89.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Bank of America cut their price target on 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. UBS Group decreased 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 note on Thursday, May 29th. Loop Capital dropped their price objective on DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating for the company in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. reduced their target price on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, ten have issued 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 currently has an average rating of "Hold" and a consensus target price of $219.56.

Insider Activity

In other news, EVP Julie Lodge-Jarrett sold 3,541 shares of the company's 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 sale, the executive vice president owned 19,165 shares in the company, valued at $3,583,855. This represents a 15.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,866 shares of company stock valued at $11,462,773. Corporate insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Trading Down 2.2%

Shares of NYSE:DKS opened at $209.89 on Friday. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 3.06 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The company's fifty day simple moving average is $187.86 and its 200 day simple moving average is $205.12. 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 (NYSE:DKS - Get Free Report) last announced its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $3.12 billion. As a group, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 annualized dividend and a yield of 2.31%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

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.

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