DekaBank Deutsche Girozentrale Purchases 2,429 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

DekaBank Deutsche Girozentrale grew its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 17.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,066 shares of the sporting goods retailer's stock after acquiring an additional 2,429 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in DICK'S Sporting Goods were worth $3,181,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DKS. XTX Topco Ltd bought a new position in DICK'S Sporting Goods during the fourth quarter worth about $485,000. Bessemer Group Inc. raised its holdings in shares of DICK'S Sporting Goods by 49.3% in the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after buying an additional 72 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of DICK'S Sporting Goods by 27.5% during the 1st quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock worth $195,000 after buying an additional 209 shares during the period. NBC Securities Inc. acquired a new stake in DICK'S Sporting Goods in the 1st quarter valued at $54,000. Finally, Janus Henderson Group PLC boosted its stake in shares of DICK'S Sporting Goods by 15.9% in the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock valued at $2,664,000 after purchasing an additional 1,594 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DKS. Wall Street Zen upgraded DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Barclays increased their target price on DICK'S Sporting Goods from $217.00 to $232.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. TD Cowen cut DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target for the company. in a report on Thursday, May 15th. Citigroup restated a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. Finally, Robert W. Baird reduced their target price on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $219.56.

Insider Transactions 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 dated Friday, June 27th. The stock was sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the transaction, the chief executive officer owned 299,990 shares in the company, 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 SEC, which is available at this hyperlink. Also, EVP Navdeep Gupta sold 9,303 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $215.00, for a total transaction of $2,000,145.00. Following the sale, the executive vice president owned 87,778 shares in the company, valued at $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. In the last quarter, insiders sold 55,866 shares of company stock valued at $11,462,773. Insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Trading Down 2.0%

DKS traded down $4.22 during midday trading on Wednesday, reaching $201.95. 1,539,976 shares of the company were exchanged, compared to its average volume of 1,526,702. The stock has a market capitalization of $16.17 billion, a P/E ratio of 14.45, a PEG ratio of 2.98 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The stock's 50-day simple moving average is $188.63 and its 200 day simple moving average is $204.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 1.62.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $1.2125 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a yield of 2.40%. DICK'S Sporting Goods's payout ratio is 34.69%.

About DICK'S Sporting Goods

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.