DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 46.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,930 shares of the sporting goods retailer's stock after purchasing an additional 1,251 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in DICK'S Sporting Goods were worth $793,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DKS. Park Square Financial Group LLC purchased a new stake in DICK'S Sporting Goods in the fourth quarter worth about $27,000. Ancora Advisors LLC purchased a new stake in DICK'S Sporting Goods in the fourth quarter worth about $28,000. Bessemer Group Inc. lifted its stake in DICK'S Sporting Goods by 108.6% in the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after acquiring an additional 76 shares during the period. Private Trust Co. NA lifted 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 acquiring an additional 66 shares during the period. Finally, Golden State Wealth Management LLC lifted its stake in DICK'S Sporting Goods by 1,435.7% in the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after acquiring an additional 201 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DICK'S Sporting Goods

In other news, CEO Lauren R. Hobart sold 40,166 shares of DICK'S Sporting Goods stock in a transaction that occurred 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. The trade was a 11.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Navdeep Gupta sold 9,303 shares of DICK'S Sporting Goods stock in a transaction that occurred 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 transaction, the executive vice president directly owned 87,778 shares of the company's stock, valued at approximately $18,872,270. This trade represents a 9.58% 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 worth $11,462,773 in the last ninety days. 32.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays upped 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. Wall Street Zen raised shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Loop Capital lowered their price objective on shares of DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating for the company in a research note on Friday, May 16th. Gordon Haskett lowered shares of DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price target for the company. in a research report on Friday, May 16th. Finally, Bank of America decreased their price target on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, June 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $219.56.

DICK'S Sporting Goods Stock Up 0.1%

Shares of DKS traded up $0.28 during mid-day trading on Friday, hitting $209.47. 1,047,370 shares of the company traded hands, compared to its average volume of 1,297,396. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. 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 company has a market capitalization of $16.77 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 2.98 and a beta of 1.07. The business has a 50 day moving average of $189.64 and a 200 day moving average of $204.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.12 billion. Equities 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 firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio 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.