ASR Vermogensbeheer N.V. Acquires Shares of 1,358 DICK'S Sporting Goods, Inc. (NYSE:DKS)

Key Points

• ASR Vermogensbeheer N.V. invested $274,000 in DICK'S Sporting Goods, purchasing 1,358 shares in the 1st quarter.
• DICK'S Sporting Goods reported a quarterly EPS of $3.37, matching analysts' expectations, with revenue reaching $3.16 billion.
• The company announced a quarterly dividend of $1.2125 per share, resulting in an annualized dividend yield of 2.3%.

ASR Vermogensbeheer N.V. purchased a new position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,358 shares of the sporting goods retailer's stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Park Square Financial Group LLC acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $27,000. Ancora Advisors LLC bought a new position in shares of DICK'S Sporting Goods during the fourth quarter worth $28,000. 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 purchasing an additional 76 shares in the last quarter. Private Trust Co. NA boosted its position in shares of 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 worth $38,000 after purchasing an additional 66 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in DICK'S Sporting Goods by 1,435.7% in the 1st 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. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

DKS stock traded up $4.06 during trading on Wednesday, reaching $226.27. 1,321,913 shares of the company were exchanged, compared to its average volume of 1,478,880. 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, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a 50-day moving average of $200.20 and a two-hundred day moving average of $202.11. The company has a market capitalization of $18.11 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 3.02 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly 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 firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. As a group, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, June 13th. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. DICK'S Sporting Goods's dividend payout ratio is 34.69%.

Wall Street Analyst Weigh In

DKS has been the topic of several research reports. 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. Barclays boosted their price objective on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the stock an "overweight" rating in a research note on Thursday, May 29th. TD Cowen downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 target price for the company. in a report on Thursday, May 15th. Loop Capital set a $215.00 price objective on shares of DICK'S Sporting Goods and gave the company a "hold" rating in a report on Wednesday, July 30th. Finally, Citigroup reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Hold" and a consensus target price of $221.50.

Insider Activity at DICK'S Sporting Goods

In other news, EVP Navdeep Gupta sold 9,303 shares of the stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $215.00, for a total transaction of $2,000,145.00. Following the completion of the sale, the executive vice president directly owned 87,778 shares in the company, valued at $18,872,270. This represents a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Elizabeth H. Baran sold 1,830 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total transaction of $374,509.50. Following the sale, the senior vice president owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. This trade represents a 12.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,866 shares of company stock valued at $11,462,773 over the last 90 days. 32.55% of the stock is owned by company 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.