Capricorn Fund Managers Ltd Has $2.02 Million Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Key Points

• Capricorn Fund Managers Ltd reduced its stake in DICK'S Sporting Goods by 41.2%, selling 7,011 shares and holding 10,000 shares worth $2,016,000 as of the latest SEC filing.
• Recent insider trading showed EVP Navdeep Gupta sold 9,303 shares for over $2 million, representing a 9.58% decrease in their position.
• DICK'S Sporting Goods reported $3.37 EPS last quarter, meeting analysts' estimates, with a market capitalization of $17.57 billion and a consensus target price of $219.56.

Capricorn Fund Managers Ltd lessened its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 41.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the sporting goods retailer's stock after selling 7,011 shares during the quarter. Capricorn Fund Managers Ltd's holdings in DICK'S Sporting Goods were worth $2,016,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in DICK'S Sporting Goods during the 4th quarter valued at $485,000. Bessemer Group Inc. boosted its holdings in DICK'S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after acquiring an additional 72 shares during the period. Fifth Third Bancorp lifted its holdings in shares of DICK'S Sporting Goods by 27.5% in 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. purchased a new stake in shares of DICK'S Sporting Goods in the 1st quarter worth $54,000. Finally, Janus Henderson Group PLC lifted its holdings 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 worth $2,664,000 after buying an additional 1,594 shares during the period. Institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DKS shares. Robert W. Baird lowered their target price on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a report on Friday, May 16th. Wall Street Zen raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. DA Davidson reissued a "buy" rating and issued a $230.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, June 27th. Stifel Nicolaus reduced their price target on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Finally, Loop Capital boosted their price target on DICK'S Sporting Goods from $180.00 to $215.00 and gave the stock a "hold" rating in a research report on Wednesday. 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, the company presently has a consensus rating of "Hold" and an average target price of $221.50.

Insider Activity

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 1,026 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 $203.50, for a total value of $208,791.00. Following the transaction, the executive vice president owned 18,139 shares in the company, valued at approximately $3,691,286.50. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navdeep Gupta sold 9,303 shares of DICK'S Sporting Goods 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 transaction, the executive vice president owned 87,778 shares in the company, valued at approximately $18,872,270. The trade was a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,866 shares of company stock valued at $11,462,773 over the last 90 days. Corporate insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Down 0.7%

Shares of DICK'S Sporting Goods stock traded down $1.42 during trading hours on Wednesday, hitting $213.37. 889,226 shares of the company's stock traded hands, compared to its average volume of 1,194,038. The stock has a 50 day simple moving average of $193.33 and a 200-day simple moving average of $203.52. 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 cap of $17.08 billion, a PE ratio of 15.26, a PEG ratio of 3.06 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly 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 return on equity of 38.06% and a net margin of 8.49%. The business 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 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued 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 2.27%. DICK'S Sporting Goods's payout ratio is 34.69%.

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.