Universal Beteiligungs und Servicegesellschaft mbH Sells 4,742 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its position in DICK'S Sporting Goods by 16.7%, holding 23,590 shares worth approximately $4.76 million after selling 4,742 shares.
• Despite some institutional selling, DICK'S Sporting Goods saw significant increases in holdings from several hedge funds, including a dramatic increase of 1,435.7% by Golden State Wealth Management LLC.
• DICK'S Sporting Goods reported earnings of $3.37 EPS matching consensus estimates, with revenue of $3.16 billion for the quarter, exceeding expectations.

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 16.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,590 shares of the sporting goods retailer's stock after selling 4,742 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in DICK'S Sporting Goods were worth $4,755,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in DICK'S Sporting Goods by 8.8% in the 4th quarter. American Century Companies Inc. now owns 112,664 shares of the sporting goods retailer's stock valued at $25,782,000 after acquiring an additional 9,146 shares during the last quarter. Sei Investments Co. raised its holdings in DICK'S Sporting Goods by 9.9% in the 4th quarter. Sei Investments Co. now owns 55,316 shares of the sporting goods retailer's stock valued at $12,659,000 after acquiring an additional 4,970 shares during the last quarter. LPL Financial LLC raised its holdings in DICK'S Sporting Goods by 12.0% in the 4th quarter. LPL Financial LLC now owns 48,328 shares of the sporting goods retailer's stock valued at $11,059,000 after acquiring an additional 5,187 shares during the last quarter. Korea Investment CORP raised its holdings in DICK'S Sporting Goods by 79.8% in the 4th quarter. Korea Investment CORP now owns 58,601 shares of the sporting goods retailer's stock valued at $13,410,000 after acquiring an additional 26,004 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in DICK'S Sporting Goods by 12.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 44,409 shares of the sporting goods retailer's stock valued at $10,175,000 after acquiring an additional 4,970 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Navdeep Gupta sold 9,303 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $215.00, for a total value 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 approximately $18,872,270. This represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the transaction, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,866 shares of company stock valued at $11,462,773. 32.55% of the stock is owned by corporate insiders.

DICK'S Sporting Goods Stock Performance

Shares of DICK'S Sporting Goods stock traded down $1.74 on Thursday, reaching $211.35. 251,217 shares of the stock were exchanged, compared to its average volume of 1,493,608. 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 current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average price of $193.33 and a two-hundred day moving average price of $203.52. The firm has a market capitalization of $16.92 billion, a PE ratio of 15.11, a PEG ratio of 3.06 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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, 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 business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.69%.

Wall Street Analyst Weigh In

A number of analysts have commented on DKS shares. Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. Telsey Advisory Group restated an "outperform" rating and set a $220.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. Stifel Nicolaus cut their price target on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, Wall Street Zen upgraded shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, DICK'S Sporting Goods has an average rating of "Hold" and a consensus price target of $221.50.

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.