DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Cwm LLC

CWM LLC lowered its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 18.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,396 shares of the sporting goods retailer's stock after selling 1,252 shares during the quarter. CWM LLC's holdings in DICK'S Sporting Goods were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of DKS. Geode Capital Management LLC boosted its stake in shares of DICK'S Sporting Goods by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer's stock valued at $241,660,000 after purchasing an additional 15,011 shares during the period. Norges Bank purchased a new stake in DICK'S Sporting Goods in the fourth quarter worth $221,693,000. Dimensional Fund Advisors LP lifted its stake in DICK'S Sporting Goods by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer's stock worth $201,768,000 after acquiring an additional 86,064 shares during the period. JPMorgan Chase & Co. lifted its stake in DICK'S Sporting Goods by 5.1% in the fourth quarter. JPMorgan Chase & Co. now owns 652,838 shares of the sporting goods retailer's stock worth $149,396,000 after acquiring an additional 31,919 shares during the period. Finally, Northern Trust Corp lifted its stake in DICK'S Sporting Goods by 27.9% in the fourth quarter. Northern Trust Corp now owns 594,995 shares of the sporting goods retailer's stock worth $136,159,000 after acquiring an additional 129,783 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Up 0.9%

Shares of NYSE DKS traded up $1.92 during mid-day trading on Friday, reaching $213.79. 123,245 shares of the company were exchanged, compared to its average volume of 1,507,140. 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 stock has a market cap of $17.11 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 3.09 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The firm has a 50-day moving average of $190.55 and a 200 day moving average of $203.92.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.37. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates 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, research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is presently 34.69%.

Insider Activity

In other news, 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 value of $8,217,160.28. Following the completion of the sale, the chief executive officer directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Eddy bought 1,357 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were bought at an average cost of $185.31 per share, with a total value of $251,465.67. Following the completion of the purchase, the director directly owned 4,768 shares in the company, valued at $883,558.08. This represents a 39.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 55,866 shares of company stock valued at $11,462,773 in the last 90 days. 32.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Loop Capital dropped their price target on DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating for the company in a research note on Friday, May 16th. Truist Financial set a $230.00 price objective on DICK'S Sporting Goods in a report on Wednesday, May 28th. TD Cowen downgraded DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective for the company. in a report on Thursday, May 15th. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a 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's stock. Based on data from MarketBeat, DICK'S Sporting Goods has a consensus rating of "Hold" and a consensus target price of $219.56.

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.