Vanguard Group Inc. Boosts Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Vanguard Group Inc. lifted its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 8.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,850,223 shares of the sporting goods retailer's stock after purchasing an additional 471,217 shares during the period. Vanguard Group Inc. owned approximately 7.33% of DICK'S Sporting Goods worth $1,179,171,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $27,000. Ancora Advisors LLC acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $28,000. Bessemer Group Inc. grew its holdings 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 purchasing an additional 76 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of DICK'S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after purchasing an additional 66 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of DICK'S Sporting Goods by 1,435.7% in the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

DKS has been the subject of several analyst reports. Robert W. Baird lowered their price target on shares of 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. Barclays boosted their price target on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Bank of America lowered their price target 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. Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. Finally, UBS Group lowered their price target on shares of DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $221.50.

Insider Activity at DICK'S Sporting Goods

In other news, Director Robert W. Eddy purchased 1,280 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were bought at an average cost of $194.99 per share, with a total value of $249,587.20. Following the purchase, the director directly owned 6,048 shares of the company's stock, valued at approximately $1,179,299.52. This trade represents a 26.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Navdeep Gupta sold 9,303 shares of the stock in a transaction dated 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 sold 55,866 shares of company stock worth $11,462,773 over the last three months. Company insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Performance

DKS stock traded up $4.06 on Wednesday, hitting $226.27. The company's stock had a trading volume of 1,321,913 shares, compared to its average volume of 1,478,880. The firm has a 50 day moving average of $200.20 and a two-hundred day moving average of $202.11. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The stock has a market cap of $18.11 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 3.02 and a beta of 1.07. 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 data on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, hitting analysts' consensus estimates of $3.37. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. Equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.69%.

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.