Townsquare Capital LLC boosted its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 13.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,307 shares of the sporting goods retailer's stock after acquiring an additional 1,132 shares during the period. Townsquare Capital LLC's holdings in DICK'S Sporting Goods were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the business. National Bank of Canada FI grew its stake in DICK'S Sporting Goods by 6.7% in the 1st quarter. National Bank of Canada FI now owns 45,218 shares of the sporting goods retailer's stock valued at $9,116,000 after acquiring an additional 2,842 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in shares of DICK'S Sporting Goods during the 1st quarter worth about $274,000. Vanguard Group Inc. boosted its stake in shares of DICK'S Sporting Goods by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock worth $1,179,171,000 after purchasing an additional 471,217 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in shares of DICK'S Sporting Goods during the 1st quarter worth about $181,000. Finally, Westfield Capital Management Co. LP boosted its stake in shares of DICK'S Sporting Goods by 1,899.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock worth $127,097,000 after purchasing an additional 599,025 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Citigroup reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. Wells Fargo & Company raised their price target on shares of DICK'S Sporting Goods from $171.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Truist Financial set a $230.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, May 28th. UBS Group decreased their price target on shares of DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Finally, Gordon Haskett raised shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $221.50.
Get Our Latest Stock Analysis on DICK'S Sporting Goods
Insider Transactions at DICK'S Sporting Goods
In related news, CEO Lauren R. Hobart sold 40,166 shares of the firm'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 transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $61,371,954.20. This trade represents a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $187.00, for a total transaction of $662,167.00. Following the completion of the transaction, the executive vice president owned 19,165 shares in the company, valued at $3,583,855. The trade was a 15.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,866 shares of company stock valued at $11,462,773 in the last three months. 32.55% of the stock is owned by company insiders.
DICK'S Sporting Goods Trading Up 4.9%
NYSE DKS opened at $222.25 on Wednesday. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The company's 50 day moving average price is $200.20 and its 200 day moving average price is $202.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 1.62. The firm has a market capitalization of $17.79 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 3.02 and a beta of 1.07.
DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 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 for the quarter, compared to analyst estimates of $3.12 billion. On average, sell-side analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.
DICK'S Sporting Goods Dividend Announcement
The firm 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. The ex-dividend date was Friday, June 13th. This represents a $4.85 annualized dividend and a yield of 2.2%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.
About DICK'S Sporting Goods
(
Free Report)
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.
See Also
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