DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has reduced its holdings in DICK'S Sporting Goods by 17.5%, owning approximately 0.09% of the company after selling 14,712 shares in the first quarter.
• DICK'S Sporting Goods reported earnings of $3.37 per share for the latest quarter, aligning with analysts' expectations, along with revenue of $3.16 billion surpassing predictions.
• The company recently announced a quarterly dividend of $1.2125 per share, yielding 2.3% annually, with a payout ratio of 34.69%.

Natixis Advisors LLC decreased its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 17.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,130 shares of the sporting goods retailer's stock after selling 14,712 shares during the quarter. Natixis Advisors LLC owned about 0.09% of DICK'S Sporting Goods worth $13,934,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Junto Capital Management LP acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter worth $89,351,000. GAMMA Investing LLC boosted its holdings in DICK'S Sporting Goods by 24,140.8% during the first quarter. GAMMA Investing LLC now owns 291,859 shares of the sporting goods retailer's stock worth $58,827,000 after buying an additional 290,655 shares in the last quarter. Candlestick Capital Management LP acquired a new stake in DICK'S Sporting Goods during the fourth quarter valued at $41,354,000. Interval Partners LP grew its position in DICK'S Sporting Goods by 273.6% during the fourth quarter. Interval Partners LP now owns 219,591 shares of the sporting goods retailer's stock valued at $50,251,000 after buying an additional 160,817 shares during the period. Finally, Northern Trust Corp grew its position in DICK'S Sporting Goods by 27.9% during the fourth quarter. Northern Trust Corp now owns 594,995 shares of the sporting goods retailer's stock valued at $136,159,000 after buying an additional 129,783 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on DKS shares. Loop Capital set a $215.00 price objective on shares of DICK'S Sporting Goods and gave the company a "hold" rating in a report on Wednesday, July 30th. Stifel Nicolaus dropped their price target on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. 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. Finally, Bank of America dropped their price objective on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $221.50.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, EVP Navdeep Gupta sold 9,303 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 87,778 shares of the company's stock, valued at $18,872,270. This represents a 9.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Elizabeth H. Baran sold 1,830 shares of the company's stock in a transaction 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 directly owned 12,465 shares in the company, valued at approximately $2,550,962.25. This trade represents a 12.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,866 shares of company stock worth $11,462,773. Company insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Performance

DKS stock traded up $2.80 on Tuesday, hitting $212.30. The company's stock had a trading volume of 807,024 shares, compared to its average volume of 1,201,327. The firm has a 50 day moving average of $196.49 and a two-hundred day moving average of $202.93. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 2.99 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 (NYSE:DKS - Get Free Report) last announced 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 company 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%. Equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.3%. DICK'S Sporting Goods's dividend payout ratio is 34.69%.

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.