Banque Cantonale Vaudoise Purchases Shares of 3,335 DICK'S Sporting Goods, Inc. (NYSE:DKS)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in DICK'S Sporting Goods, purchasing 3,335 shares valued at approximately $672,000 in the first quarter.
• DICK'S Sporting Goods reported earnings of $3.37 per share for the last quarter, meeting analysts' expectations, with revenue of $3.16 billion.
• The company has declared a quarterly dividend of $1.2125 per share, representing a 2.3% dividend yield and a payout ratio of 34.69%.

Banque Cantonale Vaudoise acquired a new position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,335 shares of the sporting goods retailer's stock, valued at approximately $672,000.

Other hedge funds have also modified their holdings of the company. XTX Topco Ltd bought a new position in DICK'S Sporting Goods in the fourth quarter valued at approximately $485,000. Bessemer Group Inc. grew its stake in DICK'S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after purchasing an additional 72 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of DICK'S Sporting Goods by 27.5% in the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock valued at $195,000 after buying an additional 209 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of DICK'S Sporting Goods in the first quarter valued at approximately $54,000. Finally, Janus Henderson Group PLC lifted its position in shares of DICK'S Sporting Goods by 15.9% in the fourth quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock valued at $2,664,000 after buying an additional 1,594 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 1,026 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $203.50, for a total value of $208,791.00. Following the sale, the executive vice president owned 18,139 shares in the company, valued at approximately $3,691,286.50. The trade was a 5.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert W. Eddy purchased 1,280 shares of DICK'S Sporting Goods stock in a transaction on Thursday, June 26th. The stock was bought at an average price of $194.99 per share, for a total transaction of $249,587.20. Following the transaction, the director directly owned 6,048 shares in the company, valued at approximately $1,179,299.52. The trade was a 26.85% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 55,866 shares of company stock worth $11,462,773 over the last three months. 32.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DKS. JPMorgan Chase & Co. cut 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 report on Thursday, May 29th. Wells Fargo & Company raised their price objective on DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Truist Financial set a $230.00 price objective on DICK'S Sporting Goods in a research report on Wednesday, May 28th. DA Davidson reaffirmed a "buy" rating and issued a $230.00 price objective on shares of DICK'S Sporting Goods in a research report on Friday, June 27th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $220.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $221.50.

DICK'S Sporting Goods Price Performance

Shares of DKS traded up $2.31 during midday trading on Monday, hitting $209.08. The company's stock had a trading volume of 657,309 shares, compared to its average volume of 1,232,050. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The company's fifty day simple moving average is $194.89 and its two-hundred day simple moving average is $203.00. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $16.74 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.95 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued 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 return on equity of 38.06% and a net margin of 8.49%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. As a group, equities analysts expect 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 given a dividend of $1.2125 per share. The ex-dividend date was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. DICK'S Sporting Goods's payout ratio is currently 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.