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National Bank of Canada FI Buys 2,842 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

DICK'S Sporting Goods logo with Retail/Wholesale background

National Bank of Canada FI boosted its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,218 shares of the sporting goods retailer's stock after purchasing an additional 2,842 shares during the quarter. National Bank of Canada FI owned about 0.06% of DICK'S Sporting Goods worth $9,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ASR Vermogensbeheer N.V. bought a new position in DICK'S Sporting Goods during the first quarter worth $274,000. Vanguard Group Inc. lifted its holdings in shares of DICK'S Sporting Goods by 8.8% during the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock worth $1,179,171,000 after buying an additional 471,217 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of DICK'S Sporting Goods during the first quarter worth $181,000. Westfield Capital Management Co. LP lifted its holdings in shares of DICK'S Sporting Goods by 1,899.2% during the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock worth $127,097,000 after buying an additional 599,025 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of DICK'S Sporting Goods by 42.8% during the first quarter. Commonwealth Equity Services LLC now owns 84,342 shares of the sporting goods retailer's stock worth $17,000,000 after buying an additional 25,289 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Insider Activity at DICK'S Sporting Goods

In other news, Director Robert W. Eddy purchased 1,280 shares of DICK'S Sporting Goods stock in a transaction dated Thursday, June 26th. The shares were bought at an average cost of $194.99 per share, for a total transaction of $249,587.20. Following the completion of the acquisition, the director owned 6,048 shares in the company, valued at approximately $1,179,299.52. This trade represents a 26.85% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 1,026 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $203.50, for a total value of $208,791.00. Following the sale, the executive vice president owned 18,139 shares in the company, valued at approximately $3,691,286.50. This trade represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,866 shares of company stock valued at $11,462,773. Corporate insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Up 4.9%

Shares of NYSE DKS opened at $222.25 on Wednesday. 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 cap of $17.79 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 3.02 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The stock has a 50-day moving average price of $200.20 and a two-hundred day moving average price of $202.11.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, hitting the consensus estimate of $3.37. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. As a group, 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 company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, June 13th. DICK'S Sporting Goods's payout ratio is 34.69%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their target price on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a report on Thursday, May 29th. DA Davidson reissued a "buy" rating and set a $230.00 target price on shares of DICK'S Sporting Goods in a report on Friday, June 27th. Telsey Advisory Group reissued an "outperform" rating and set a $220.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. Barclays lifted their target price on DICK'S Sporting Goods from $217.00 to $232.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Finally, Robert W. Baird dropped their target price on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a report on Friday, May 16th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, DICK'S Sporting Goods currently has an average rating of "Hold" and a consensus price target of $221.50.

Get Our Latest Stock Report 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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Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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