Richard C. Young & CO. LTD. Buys 2,070 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Richard C. Young & CO. LTD. increased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 28,868 shares of the sporting goods retailer's stock after acquiring an additional 2,070 shares during the quarter. Richard C. Young & CO. LTD.'s holdings in DICK'S Sporting Goods were worth $5,819,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DKS. Commerzbank Aktiengesellschaft FI grew its holdings in DICK'S Sporting Goods by 46.7% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 3,930 shares of the sporting goods retailer's stock valued at $793,000 after buying an additional 1,251 shares in the last quarter. Larson Financial Group LLC grew its holdings in DICK'S Sporting Goods by 5.5% during the 1st quarter. Larson Financial Group LLC now owns 1,921 shares of the sporting goods retailer's stock valued at $387,000 after buying an additional 101 shares in the last quarter. Hager Investment Management Services LLC grew its holdings in DICK'S Sporting Goods by 8.4% during the 1st quarter. Hager Investment Management Services LLC now owns 4,103 shares of the sporting goods retailer's stock valued at $827,000 after buying an additional 317 shares in the last quarter. MTM Investment Management LLC grew its holdings in DICK'S Sporting Goods by 2.0% during the 1st quarter. MTM Investment Management LLC now owns 6,125 shares of the sporting goods retailer's stock valued at $1,264,000 after buying an additional 121 shares in the last quarter. Finally, Reyes Financial Architecture Inc. grew its holdings in DICK'S Sporting Goods by 50.1% during the 1st quarter. Reyes Financial Architecture Inc. now owns 512 shares of the sporting goods retailer's stock valued at $103,000 after buying an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Trading Up 0.1%

Shares of DKS traded up $0.28 during mid-day trading on Friday, hitting $209.47. 1,047,370 shares of the company's stock traded hands, compared to its average volume of 1,296,445. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The firm has a market capitalization of $16.77 billion, a P/E ratio of 14.98, a PEG ratio of 2.88 and a beta of 1.07. The business's 50-day moving average price is $189.26 and its 200-day moving average price is $204.44.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results 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. 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 analysts' expectations of $3.12 billion. As a group, sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $1.2125 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 annualized dividend and a yield of 2.32%. DICK'S Sporting Goods's payout ratio is 34.69%.

Insider Buying and Selling

In related news, Director Robert W. Eddy bought 1,280 shares of the company's stock in a transaction on Thursday, June 26th. The shares were acquired at an average cost of $194.99 per share, with a total value of $249,587.20. Following the completion of the acquisition, the director owned 6,048 shares of the company's stock, valued at $1,179,299.52. The trade was a 26.85% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lauren R. Hobart sold 40,166 shares of the business's stock in a transaction on Friday, June 27th. The stock was 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 trade represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,866 shares of company stock valued at $11,462,773 over the last 90 days. 32.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DKS shares. Bank of America dropped their price target on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, June 24th. UBS Group dropped their price target on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. JPMorgan Chase & Co. dropped their price target on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. DA Davidson reiterated a "buy" rating and set a $230.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, June 27th. Finally, Robert W. Baird dropped their price target on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $219.56.

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.