DICK'S Sporting Goods, Inc. (NYSE:DKS) Stock Holdings Boosted by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in DICK'S Sporting Goods by 36.2%, purchasing 214,718 shares to own a total of 808,313 shares valued at approximately $162.9 million.
• Insider trading reports revealed that DICK'S Sporting Goods executives sold significant shares, with EVP Navdeep Gupta selling 13,334 shares and CEO Lauren R. Hobart selling 40,166 shares, marking decreases in their respective ownerships.
• DICK'S Sporting Goods declared a quarterly dividend of $1.2125, with an annualized dividend yield of 2.2% and a payout ratio of 34.69%.

Invesco Ltd. raised its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 36.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 808,313 shares of the sporting goods retailer's stock after purchasing an additional 214,718 shares during the quarter. Invesco Ltd. owned about 1.01% of DICK'S Sporting Goods worth $162,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atlas Capital Advisors Inc. lifted its holdings in shares of DICK'S Sporting Goods by 25.1% in the 1st quarter. Atlas Capital Advisors Inc. now owns 2,850 shares of the sporting goods retailer's stock worth $574,000 after acquiring an additional 572 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in DICK'S Sporting Goods during the 1st quarter worth approximately $213,000. Cynosure Group LLC increased its position in shares of DICK'S Sporting Goods by 15.3% in the 1st quarter. Cynosure Group LLC now owns 3,377 shares of the sporting goods retailer's stock valued at $681,000 after purchasing an additional 447 shares during the last quarter. Townsquare Capital LLC increased its position in shares of DICK'S Sporting Goods by 13.8% in the 1st quarter. Townsquare Capital LLC now owns 9,307 shares of the sporting goods retailer's stock valued at $1,876,000 after purchasing an additional 1,132 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of 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 purchasing an additional 2,842 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of recent research reports. Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. Loop Capital set a $215.00 target price on shares of DICK'S Sporting Goods and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Barclays raised their target price on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the stock an "overweight" rating in a research note on Thursday, May 29th. Bank of America reduced 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 research note on Tuesday, June 24th. Finally, UBS Group reduced their price objective on shares of DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $223.06.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, CEO Lauren R. Hobart sold 40,166 shares of DICK'S Sporting Goods stock in a transaction 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 completion of the sale, the chief executive officer owned 299,990 shares in the company, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of DICK'S Sporting Goods stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $187.00, for a total transaction of $662,167.00. Following the completion of the sale, the executive vice president owned 19,165 shares of the company's stock, valued at approximately $3,583,855. This trade represents a 15.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is owned by company insiders.

DICK'S Sporting Goods Trading Up 0.6%

DICK'S Sporting Goods stock traded up $1.35 during trading on Friday, reaching $224.16. The company had a trading volume of 1,177,868 shares, compared to its average volume of 1,134,681. DICK'S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The stock's 50 day moving average price is $202.94 and its two-hundred day moving average price is $201.64. The firm has a market capitalization of $17.94 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 3.19 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.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting analysts' consensus estimates of $3.37. The firm had revenue of $3.16 billion for 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%. As a group, equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's payout ratio is presently 34.69%.

DICK'S Sporting Goods 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.