DICK'S Sporting Goods, Inc. (NYSE:DKS) Stock Holdings Raised by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 264.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 76,610 shares of the sporting goods retailer's stock after buying an additional 55,578 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.10% of DICK'S Sporting Goods worth $14,122,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Park Square Financial Group LLC purchased a new stake in DICK'S Sporting Goods during the fourth quarter valued at about $27,000. Ancora Advisors LLC acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new position in shares of DICK'S Sporting Goods in the fourth quarter worth $30,000. Bessemer Group Inc. increased its stake in shares of DICK'S Sporting Goods by 108.6% during the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock valued at $33,000 after acquiring an additional 76 shares during the period. Finally, Golden State Wealth Management LLC increased its holdings in shares of DICK'S Sporting Goods by 1,435.7% in the 1st 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 during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded down $4.81 during midday trading on Monday, reaching $198.01. 1,345,281 shares of the stock were exchanged, compared to its average volume of 1,537,918. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The business's 50-day moving average price is $183.82 and its 200 day moving average price is $205.91. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 2.89 and a beta of 1.07.

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 earnings per share for the quarter, meeting analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. On average, sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its stock is undervalued.

DICK'S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is currently 34.69%.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, Director Robert W. Eddy bought 1,280 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were purchased at an average price of $194.99 per share, for a total transaction of $249,587.20. Following the completion of the transaction, the director now owns 6,048 shares in the company, valued at $1,179,299.52. The trade was a 26.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 1,026 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $203.50, for a total value of $208,791.00. Following the completion of the sale, the executive vice president now directly owns 18,139 shares in the company, valued at approximately $3,691,286.50. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Loop Capital reduced their price objective on DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating for the company in a research report on Friday, May 16th. Wedbush restated a "neutral" rating and issued a $215.00 price target on shares of DICK'S Sporting Goods in a research note 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 research report on Tuesday, June 24th. Finally, Barclays lifted 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Hold" and a consensus target price of $219.56.

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.