DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in DICK'S Sporting Goods by 2.7%, owning approximately 0.14% valued at $22.98 million after selling 3,114 shares.
• DICK'S Sporting Goods reported earnings of $3.37 per share, meeting analyst expectations, with revenue of $3.16 billion for the quarter.
• The company recently declared a quarterly dividend of $1.2125 per share, which represents an annualized yield of 2.1%.

Deutsche Bank AG lowered its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,008 shares of the sporting goods retailer's stock after selling 3,114 shares during the quarter. Deutsche Bank AG owned about 0.14% of DICK'S Sporting Goods worth $22,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in DKS. Bessemer Group Inc. boosted its holdings 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 in the last quarter. Townsquare Capital LLC raised its position in DICK'S Sporting Goods by 529.8% during the fourth quarter. Townsquare Capital LLC now owns 8,175 shares of the sporting goods retailer's stock valued at $1,871,000 after acquiring an additional 6,877 shares in the last quarter. CreativeOne Wealth LLC increased its position in shares of DICK'S Sporting Goods by 48.4% in the fourth quarter. CreativeOne Wealth LLC now owns 3,737 shares of the sporting goods retailer's stock valued at $855,000 after buying an additional 1,218 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter worth approximately $485,000. Finally, Bridgewater Associates LP boosted its stake in shares of DICK'S Sporting Goods by 4.1% in the fourth quarter. Bridgewater Associates LP now owns 6,251 shares of the sporting goods retailer's stock worth $1,430,000 after acquiring an additional 249 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Insider Activity at DICK'S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 3,541 shares of DICK'S Sporting Goods stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $187.00, for a total value of $662,167.00. Following the completion of the sale, the executive vice president owned 19,165 shares of the company's stock, valued at $3,583,855. The trade was a 15.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of DICK'S Sporting Goods stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the completion of the transaction, the executive vice president owned 74,444 shares in the company, valued at $16,749,900. The trade was a 15.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,200 shares of company stock valued at $14,462,923 in the last ninety days. 32.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on DKS shares. Bank of America decreased their price target on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. UBS Group cut 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. Truist Financial set a $230.00 price target on DICK'S Sporting Goods in a report on Wednesday, May 28th. Telsey Advisory Group reiterated an "outperform" rating and issued a $220.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. Finally, Citigroup reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, DICK'S Sporting Goods presently has an average rating of "Hold" and a consensus price target of $223.06.

DICK'S Sporting Goods Stock Performance

Shares of DKS stock traded up $1.35 during trading hours on Friday, reaching $224.16. 1,177,868 shares of the company's stock were exchanged, compared to its average volume of 1,134,681. The company has a market cap of $17.94 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 3.19 and a beta of 1.07. The company's 50 day moving average is $202.94 and its two-hundred day moving average is $201.64. 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 debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47.

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, 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 firm had revenue of $3.16 billion during 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 fiscal year.

DICK'S Sporting Goods Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 annualized dividend and a yield of 2.2%. DICK'S Sporting Goods's dividend payout ratio (DPR) 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.