Bank OZK Grows Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

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Bank OZK increased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 23.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,165 shares of the sporting goods retailer's stock after purchasing an additional 1,909 shares during the quarter. Bank OZK's holdings in DICK'S Sporting Goods were worth $2,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of DICK'S Sporting Goods by 416.9% in the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock valued at $570,370,000 after purchasing an additional 2,282,300 shares during the period. Brooklyn Investment Group lifted its stake in shares of DICK'S Sporting Goods by 91.2% in the 1st quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer's stock valued at $52,000 after purchasing an additional 124 shares during the period. Versor Investments LP purchased a new position in DICK'S Sporting Goods during the first quarter valued at $418,000. Summit Securities Group LLC raised its stake in DICK'S Sporting Goods by 17.4% during the first quarter. Summit Securities Group LLC now owns 1,057 shares of the sporting goods retailer's stock valued at $213,000 after buying an additional 157 shares during the last quarter. Finally, Roberts Capital Advisors LLC purchased a new position in DICK'S Sporting Goods during the first quarter valued at $551,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Down 0.2%

DKS stock opened at $223.50 on Tuesday. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The business has a fifty day moving average price of $203.77 and a 200-day moving average price of $201.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. The stock has a market capitalization of $17.89 billion, a P/E ratio of 15.99, a P/E/G ratio of 3.19 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, hitting the consensus estimate of $3.37. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. Equities 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 of this dividend was Friday, June 13th. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. DICK'S Sporting Goods's payout ratio is presently 34.69%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DKS. JPMorgan Chase & Co. lowered their price objective on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Bank of America lowered their price objective on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. Wells Fargo & Company lifted their price objective on DICK'S Sporting Goods from $187.00 to $215.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. Finally, DA Davidson reiterated a "buy" rating and set a $230.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday, June 27th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $223.06.

Insider Buying and Selling

In related news, SVP Elizabeth H. Baran sold 1,830 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the completion of the sale, the senior vice president directly owned 12,465 shares in the company, valued at approximately $2,550,962.25. The trade was a 12.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 1,026 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $203.50, for a total transaction of $208,791.00. Following the sale, the executive vice president owned 18,139 shares of the company's stock, valued at $3,691,286.50. This trade represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,200 shares of company stock valued at $14,462,923 over the last ninety days. 32.55% of the stock is owned by insiders.

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.

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