New Age Alpha Advisors LLC Trims Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Key Points

• New Age Alpha Advisors LLC has reduced its stake in DICK'S Sporting Goods, selling 14,414 shares and decreasing its position by 34.0%.
• DICK'S Sporting Goods reported a net margin of 8.49% and revenue of $3.16 billion for the last quarter, surpassing analysts' estimates.
• The company announced a quarterly dividend of $1.2125 per share, giving an annualized dividend yield of 2.3%.

New Age Alpha Advisors LLC lessened its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 34.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,024 shares of the sporting goods retailer's stock after selling 14,414 shares during the period. New Age Alpha Advisors LLC's holdings in DICK'S Sporting Goods were worth $5,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its position in DICK'S Sporting Goods by 1.1% during the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock worth $955,000 after purchasing an additional 53 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of DICK'S Sporting Goods by 5.9% during the fourth quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock worth $232,000 after buying an additional 57 shares during the period. Pine Haven Investment Counsel Inc grew its holdings in DICK'S Sporting Goods by 4.9% in the first quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock worth $258,000 after purchasing an additional 60 shares during the period. Private Advisor Group LLC grew its holdings in shares of DICK'S Sporting Goods by 4.4% during the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock valued at $292,000 after buying an additional 61 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of 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 during the last quarter. Institutional investors own 89.83% of the company's stock.

Insiders Place Their Bets

In other news, CEO Lauren R. Hobart sold 40,166 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were 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 in the company, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navdeep Gupta sold 9,303 shares of the business's 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 completion of the sale, the executive vice president owned 87,778 shares of the company's stock, 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. Over the last quarter, insiders have sold 55,866 shares of company stock worth $11,462,773. 32.55% of the stock is owned by corporate insiders.

DICK'S Sporting Goods Price Performance

NYSE:DKS traded down $1.75 during mid-day trading on Thursday, hitting $215.08. 1,038,609 shares of the stock traded hands, compared to its average volume of 1,180,241. The business's 50-day moving average price is $197.96 and its 200 day moving average price is $202.94. The company has a market cap of $17.22 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 3.09 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released 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 net margin of 8.49% and a return on equity of 38.06%. The business had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. On average, analysts expect 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 paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's payout ratio is currently 34.69%.

Analysts Set New Price Targets

A number of research firms recently weighed in on DKS. Barclays raised their price target on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. Wells Fargo & Company lifted their price objective on shares of DICK'S Sporting Goods from $171.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $220.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Loop Capital set a $215.00 price objective on shares of DICK'S Sporting Goods and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Finally, Citigroup reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $221.50.

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.