DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. has reduced its holdings in DICK'S Sporting Goods by 7.7% during the first quarter, now owning 37,814 shares worth approximately $7.62 million.
• DICK'S Sporting Goods reported a quarterly earnings per share (EPS) of $3.37, matching analysts' expectations, and revenue of $3.16 billion for the same quarter.
• The company recently paid a quarterly dividend of $1.2125 per share, equating to an annual yield of 2.26%.

Foster & Motley Inc. lowered its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,814 shares of the sporting goods retailer's stock after selling 3,156 shares during the quarter. Foster & Motley Inc.'s holdings in DICK'S Sporting Goods were worth $7,622,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other DICK'S Sporting Goods news, SVP Elizabeth H. Baran sold 1,830 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was 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 directly owned 12,465 shares of the company's stock, valued at $2,550,962.25. This trade represents a 12.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert W. Eddy bought 1,357 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was bought at an average cost of $185.31 per share, with a total value of $251,465.67. Following the completion of the purchase, the director directly owned 4,768 shares in the company, valued at approximately $883,558.08. The trade was a 39.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 55,866 shares of company stock worth $11,462,773 in the last ninety days. Company insiders own 32.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DKS. Loop Capital upped their target price on DICK'S Sporting Goods from $180.00 to $215.00 and gave the company a "hold" rating in a research report on Wednesday. DA Davidson reiterated a "buy" rating and issued a $230.00 target price on shares of DICK'S Sporting Goods in a research report on Friday, June 27th. TD Cowen lowered DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 target price on the stock. in a research report on Thursday, May 15th. Stifel Nicolaus dropped their target price on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Finally, Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Hold" and an average price target of $221.50.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $5.05 during midday trading on Friday, reaching $206.46. 1,319,897 shares of the company's stock traded hands, compared to its average volume of 1,166,044. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The company has a market cap of $16.53 billion, a P/E ratio of 14.77, a PEG ratio of 3.02 and a beta of 1.07. 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 company has a fifty day simple moving average of $194.89 and a two-hundred day simple moving average of $203.33.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) 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 firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. Equities analysts predict 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. Shareholders 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 dividend on an annualized basis and a yield of 2.3%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 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.