HS Management Partners LLC Boosts Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

HS Management Partners LLC lifted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 24.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,042 shares of the sporting goods retailer's stock after acquiring an additional 78,875 shares during the quarter. DICK'S Sporting Goods accounts for approximately 6.6% of HS Management Partners LLC's investment portfolio, making the stock its 3rd biggest holding. HS Management Partners LLC owned approximately 0.50% of DICK'S Sporting Goods worth $81,237,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Park Square Financial Group LLC purchased a new position in DICK'S Sporting Goods in the 4th quarter worth approximately $27,000. Ancora Advisors LLC acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth approximately $28,000. Bessemer Group Inc. increased its holdings in shares of DICK'S Sporting Goods by 108.6% during the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after buying an additional 76 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of DICK'S Sporting Goods by 54.1% during the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after buying an additional 66 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of DICK'S Sporting Goods by 1,435.7% during the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after buying an additional 201 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on DKS shares. Bank of America dropped their target price 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. JPMorgan Chase & Co. decreased their price target on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. TD Cowen cut shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target for the company. in a research report on Thursday, May 15th. Truist Financial set a $230.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Finally, Loop Capital decreased their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $219.56.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, SVP Elizabeth H. Baran sold 1,830 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total value of $374,509.50. Following the completion of the sale, the senior vice president owned 12,465 shares of the company's stock, valued at $2,550,962.25. This represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Navdeep Gupta sold 9,303 shares of the stock in a transaction 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 directly owned 87,778 shares of the company's stock, valued at $18,872,270. The trade was a 9.58% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,866 shares of company stock valued at $11,462,773. 32.55% of the stock is owned by corporate insiders.

DICK'S Sporting Goods Stock Performance

NYSE DKS traded up $0.28 during trading on Friday, reaching $209.47. The company's stock had a trading volume of 1,047,370 shares, compared to its average volume of 1,299,524. 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 cap of $16.77 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 2.99 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The business's fifty day moving average price is $189.64 and its 200-day moving average price is $204.13.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting 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 company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. As a group, analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors 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 2.32%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's payout ratio is 34.69%.

DICK'S Sporting Goods Company 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.