DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by LSV Asset Management

Key Points

• LSV Asset Management reduced its stake in DICK'S Sporting Goods by 31.8%, owning approximately 0.77% of the company after selling 286,066 shares during the first quarter.
• DICK'S Sporting Goods reported a quarterly earnings per share of $3.37, meeting analysts' expectations, with a net margin of 8.49% and revenue of $3.16 billion.
• The company announced a quarterly dividend of $1.2125 per share, representing an annualized dividend of $4.85 and a yield of 2.3%.

LSV Asset Management lessened its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 31.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 612,240 shares of the sporting goods retailer's stock after selling 286,066 shares during the quarter. LSV Asset Management owned about 0.77% of DICK'S Sporting Goods worth $123,403,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Park Square Financial Group LLC acquired a new position in DICK'S Sporting Goods during the 4th quarter valued at approximately $27,000. Ancora Advisors LLC acquired a new position in DICK'S Sporting Goods during the 4th quarter valued at approximately $28,000. Bessemer Group Inc. increased its stake in 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 valued at $33,000 after purchasing an additional 76 shares in the last quarter. Private Trust Co. NA increased its stake in 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 valued at $38,000 after purchasing an additional 66 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its stake in 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 valued at $43,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays increased their price objective 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $220.00 price objective on shares of DICK'S Sporting Goods in a research note on Wednesday, May 28th. Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. UBS Group cut their price objective on shares of DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $221.50.

DICK'S Sporting Goods Price Performance

DKS traded down $0.38 during midday trading on Tuesday, hitting $209.12. 117,840 shares of the company traded hands, compared to its average volume of 1,482,130. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $16.74 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 2.95 and a beta of 1.07. 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 simple moving average of $195.72 and a two-hundred day simple moving average of $202.87.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.37. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. On average, equities analysts forecast 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, CEO Lauren R. Hobart sold 40,166 shares of the stock in a transaction dated 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 directly owned 299,990 shares in the company, valued at $61,371,954.20. This represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Navdeep Gupta sold 9,303 shares of the stock in a transaction dated Thursday, July 10th. The shares were 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 owned 87,778 shares of the company's stock, valued at $18,872,270. This trade represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,866 shares of company stock valued at $11,462,773. 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.