DekaBank Deutsche Girozentrale Boosts Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

DekaBank Deutsche Girozentrale grew its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 17.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,066 shares of the sporting goods retailer's stock after purchasing an additional 2,429 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in DICK'S Sporting Goods were worth $3,181,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Park Square Financial Group LLC bought a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $27,000. Ancora Advisors LLC bought a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $28,000. Bessemer Group Inc. lifted its holdings in shares of 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 valued at $33,000 after purchasing an additional 76 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of 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 valued at $38,000 after purchasing an additional 66 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of 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 valued at $43,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Insider Buying and Selling

In related news, EVP Navdeep Gupta sold 9,303 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 87,778 shares in the company, valued at $18,872,270. The trade was a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lauren R. Hobart sold 40,166 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $204.58, for a total value of $8,217,160.28. Following the transaction, the chief executive officer owned 299,990 shares of the company's stock, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,866 shares of company stock valued at $11,462,773 in the last 90 days. Corporate insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded down $4.74 during mid-day trading on Friday, hitting $209.89. The stock had a trading volume of 1,261,281 shares, compared to its average volume of 1,295,160. The firm has a market cap of $16.80 billion, a P/E ratio of 15.01, a PEG ratio of 3.00 and a beta of 1.07. The business has a fifty day moving average price of $187.86 and a 200-day moving average price of $204.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60.

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 for the quarter, meeting the consensus estimate of $3.37. The company had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. On average, equities research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Bank of America dropped their price target on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, June 24th. Telsey Advisory Group reiterated an "outperform" rating and set a $220.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. Truist Financial set a $230.00 price target on DICK'S Sporting Goods in a report on Wednesday, May 28th. UBS Group dropped their price target on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Finally, Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. One investment 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $219.56.

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.