Blueshift Asset Management LLC Sells 2,864 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Key Points

• Blueshift Asset Management LLC sold 2,864 shares of DICK'S Sporting Goods, reducing its stake by 37.7%, leaving it with 4,726 shares valued at approximately $953,000.
• DICK'S Sporting Goods reported earnings of $3.37 per share for the last quarter, meeting expectations, with revenue of $3.16 billion exceeding analysts' predictions of $3.12 billion.
• The company recently announced a quarterly dividend of $1.2125 per share, yielding an annualized rate of 2.3% and maintaining a dividend payout ratio of 34.69%.

Blueshift Asset Management LLC decreased its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 37.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,726 shares of the sporting goods retailer's stock after selling 2,864 shares during the period. Blueshift Asset Management LLC's holdings in DICK'S Sporting Goods were worth $953,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DKS. US Bancorp DE increased its stake in DICK'S Sporting Goods by 1.1% in the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock valued at $955,000 after acquiring an additional 53 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of DICK'S Sporting Goods by 5.9% during the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock valued at $232,000 after purchasing an additional 57 shares during the last quarter. Pine Haven Investment Counsel Inc raised its holdings in shares of DICK'S Sporting Goods by 4.9% during the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock valued at $258,000 after buying an additional 60 shares in the last quarter. Private Advisor Group LLC lifted its position in DICK'S Sporting Goods by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock worth $292,000 after buying an additional 61 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in DICK'S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after buying an additional 66 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Down 0.8%

Shares of DICK'S Sporting Goods stock opened at $211.31 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. DICK'S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The company has a market cap of $16.92 billion, a P/E ratio of 15.11, a PEG ratio of 3.04 and a beta of 1.07. The company's fifty day simple moving average is $194.11 and its two-hundred day simple moving average is $203.42.

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 company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. Research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays lifted their price target 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. Stifel Nicolaus decreased their target price on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Loop Capital set a $215.00 price target on shares of DICK'S Sporting Goods and gave the stock a "hold" rating in a research note on Wednesday. Wall Street Zen raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Robert W. Baird decreased their price objective on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a report on Friday, May 16th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $221.50.

Insider Buying and Selling

In related news, EVP Navdeep Gupta sold 9,303 shares of the company's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $215.00, for a total value of $2,000,145.00. Following the sale, the executive vice president directly owned 87,778 shares of the company's stock, valued at $18,872,270. This represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Eddy purchased 1,357 shares of DICK'S Sporting Goods stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average cost of $185.31 per share, for a total transaction of $251,465.67. Following the completion of the purchase, the director owned 4,768 shares of the company's stock, valued at $883,558.08. This trade represents a 39.78% increase in their ownership of the stock. 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 quarter. Company insiders own 32.55% of the company's stock.

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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