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Envestnet Asset Management Inc. Sells 8,796 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

DICK'S Sporting Goods logo with Retail/Wholesale background

Envestnet Asset Management Inc. reduced its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 6.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 128,275 shares of the sporting goods retailer's stock after selling 8,796 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of DICK'S Sporting Goods worth $25,855,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Independent Advisor Alliance grew its position in shares of DICK'S Sporting Goods by 5.4% during the 4th quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock worth $235,000 after buying an additional 53 shares during the period. EP Wealth Advisors LLC grew its position in shares of DICK'S Sporting Goods by 5.9% during the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock worth $232,000 after buying an additional 57 shares during the period. Pine Haven Investment Counsel Inc grew its position in shares of DICK'S Sporting Goods by 4.9% during the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock worth $258,000 after buying an additional 60 shares during the period. Private Trust Co. NA grew its position 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 period. Finally, Bessemer Group Inc. grew its position in shares of DICK'S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after buying an additional 72 shares during the period. 89.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, 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 approximately $3,583,855. This trade represents a 15.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the senior vice president owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. The trade was a 12.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,866 shares of company stock worth $11,462,773 over the last quarter. 32.55% of the stock is currently owned by corporate insiders.

DICK'S Sporting Goods Price Performance

DICK'S Sporting Goods stock traded up $0.28 during trading hours on Friday, reaching $209.47. 1,047,370 shares of the stock were exchanged, compared to its average volume of 1,297,397. The company has a market cap of $16.77 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 2.98 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, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The stock has a 50 day moving average of $189.64 and a two-hundred day moving average of $204.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, hitting analysts' consensus estimates of $3.37. The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations 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 expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a yield of 2.32%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DKS shares. Stifel Nicolaus decreased their price objective on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Wall Street Zen upgraded shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. DA Davidson reissued a "buy" rating and issued a $230.00 price objective on shares of DICK'S Sporting Goods in a research report on Friday, June 27th. Bank of America cut their price objective on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. Finally, TD Cowen lowered shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective on the stock. in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $219.56.

View Our Latest Analysis on DICK'S Sporting Goods

DICK'S Sporting Goods Profile

(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.

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Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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