DICK'S Sporting Goods, Inc. (NYSE:DKS) Stock Holdings Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 6.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 128,275 shares of the sporting goods retailer's stock after selling 8,796 shares during the quarter. Envestnet Asset Management Inc. owned 0.16% of DICK'S Sporting Goods worth $25,855,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in DICK'S Sporting Goods in the 4th quarter valued at $485,000. Bessemer Group Inc. grew its stake in DICK'S Sporting Goods by 49.3% in the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after acquiring an additional 72 shares during the period. Fifth Third Bancorp grew its stake in DICK'S Sporting Goods by 27.5% in the 1st quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock valued at $195,000 after acquiring an additional 209 shares during the period. NBC Securities Inc. purchased a new position in DICK'S Sporting Goods in the 1st quarter valued at $54,000. Finally, Janus Henderson Group PLC lifted its holdings in DICK'S Sporting Goods by 15.9% in the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock valued at $2,664,000 after purchasing an additional 1,594 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $1.40 on Friday, hitting $207.79. The company had a trading volume of 127,294 shares, compared to its average volume of 1,515,689. 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, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The business has a 50 day moving average of $189.26 and a 200 day moving average of $204.44. The company has a market cap of $16.63 billion, a PE ratio of 14.85, a PEG ratio of 2.88 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released 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 return on equity of 38.06% and a net margin of 8.49%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. As a group, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $1.2125 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.33%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DKS. Truist Financial set a $230.00 price objective on DICK'S Sporting Goods in a report on Wednesday, May 28th. Stifel Nicolaus decreased their price objective on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. DA Davidson restated a "buy" rating and issued a $230.00 price objective on shares of DICK'S Sporting Goods in a report on Friday, June 27th. Telsey Advisory Group restated an "outperform" rating and issued a $220.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. Finally, Robert W. Baird reduced their price target on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $219.56.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, SVP Elizabeth H. Baran sold 1,830 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total transaction of $374,509.50. Following the completion of the sale, the senior vice president owned 12,465 shares in the company, valued at $2,550,962.25. This trade represents a 12.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Navdeep Gupta sold 9,303 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $215.00, for a total value of $2,000,145.00. Following the completion of the sale, the executive vice president directly owned 87,778 shares in the company, valued at approximately $18,872,270. This trade represents a 9.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,866 shares of company stock valued at $11,462,773. Company insiders own 32.55% of the company's stock.

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.