Copeland Capital Management LLC Sells 31,996 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Copeland Capital Management LLC trimmed its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 19.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,239 shares of the sporting goods retailer's stock after selling 31,996 shares during the period. Copeland Capital Management LLC owned about 0.17% of DICK'S Sporting Goods worth $26,654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DKS. Park Square Financial Group LLC bought a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $27,000. Ancora Advisors LLC bought a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC bought a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $30,000. Bessemer Group Inc. lifted its stake in shares of DICK'S Sporting Goods by 108.6% in the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock valued at $33,000 after buying an additional 76 shares during the period. Finally, Promus Capital LLC bought a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $48,000. Institutional investors own 89.83% of the company's stock.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 3,541 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $187.00, for a total value of $662,167.00. Following the completion of the sale, the executive vice president now owns 19,165 shares in the company, valued at approximately $3,583,855. This trade represents a 15.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Eddy purchased 1,280 shares of the stock in a transaction dated Thursday, June 26th. The shares were acquired at an average price of $194.99 per share, with a total value of $249,587.20. Following the transaction, the director now owns 6,048 shares in the company, valued at $1,179,299.52. This trade represents a 26.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Price Performance

DKS stock traded up $7.10 during trading on Friday, hitting $202.98. 3,979,568 shares of the stock traded hands, compared to its average volume of 1,286,729. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 2.89 and a beta of 1.07. The company has a 50 day simple moving average of $183.82 and a 200 day simple moving average of $206.00. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly 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. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. Equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's payout ratio is presently 34.69%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DKS. Robert W. Baird reduced their target price on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday, May 16th. Guggenheim reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Bank of America reduced their price objective on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Wells Fargo & Company raised 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 report on Wednesday, May 14th. Finally, Gordon Haskett downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price objective for the company. in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average 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.