DICK'S Sporting Goods, Inc. $DKS Shares Sold by Truvestments Capital LLC

Key Points

• Truvestments Capital LLC reduced its stake in DICK'S Sporting Goods by 56.2% to 2,291 shares, valued at approximately $462,000.
• Several hedge funds increased their holdings in DICK'S Sporting Goods, with 89.83% of the stock now owned by institutional investors.
• The company's latest earnings showed an EPS of $3.37, matching analyst estimates, with revenue of $3.16 billion for the quarter.

Truvestments Capital LLC cut its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 56.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,291 shares of the sporting goods retailer's stock after selling 2,940 shares during the period. Truvestments Capital LLC's holdings in DICK'S Sporting Goods were worth $462,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DKS. Park Square Financial Group LLC acquired a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $27,000. Ancora Advisors LLC acquired a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $28,000. Private Trust Co. NA lifted its position in DICK'S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after buying an additional 66 shares in the last quarter. Golden State Wealth Management LLC lifted its position in DICK'S Sporting Goods by 1,435.7% during the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock valued at $43,000 after buying an additional 201 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in DICK'S Sporting Goods by 49.3% during the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after buying an additional 72 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods Trading Down 0.3%

NYSE DKS opened at $226.14 on Thursday. The company's fifty day simple moving average is $210.30 and its 200-day simple moving average is $201.12. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The stock has a market cap of $18.10 billion, a P/E ratio of 16.18, a PEG ratio of 3.32 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, hitting analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. Equities research analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on DKS shares. Bank of America reduced their price target on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. Robert W. Baird reduced their price target 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. Citigroup reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. Truist Financial set a $230.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $223.33.

Insiders Place Their Bets

In related news, SVP Elizabeth H. Baran sold 1,830 shares of DICK'S Sporting Goods stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total value of $374,509.50. Following the completion of the sale, the senior vice president owned 12,465 shares in the company, valued at approximately $2,550,962.25. The trade was a 12.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lauren R. Hobart sold 40,166 shares of DICK'S Sporting Goods stock in a transaction on 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 completion of the sale, the chief executive officer owned 299,990 shares of the company's stock, valued at approximately $61,371,954.20. This trade represents a 11.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is owned by insiders.

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.

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