Robeco Institutional Asset Management B.V. Sells 66,702 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 67.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 31,981 shares of the sporting goods retailer's stock after selling 66,702 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in DICK'S Sporting Goods were worth $6,446,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Park Square Financial Group LLC acquired a new stake in DICK'S Sporting Goods in the fourth quarter worth about $27,000. Ancora Advisors LLC bought a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth about $28,000. Rialto Wealth Management LLC acquired a new stake in shares of DICK'S Sporting Goods in the 4th quarter worth approximately $30,000. Bessemer Group Inc. boosted its holdings in shares of DICK'S Sporting Goods by 108.6% in the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock valued at $33,000 after acquiring an additional 76 shares in the last quarter. Finally, Promus Capital LLC acquired a new position in shares of DICK'S Sporting Goods during the fourth quarter valued at approximately $48,000. Institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DKS shares. Gordon Haskett downgraded DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 target price for the company. in a research report on Friday, May 16th. Robert W. Baird lowered their price objective on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, May 16th. UBS Group reduced their target price on shares of 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. Stifel Nicolaus dropped their price target on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, DA Davidson reiterated a "buy" rating and set a $230.00 price objective on shares of DICK'S Sporting Goods in a research report on Friday, June 27th. One investment 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 MarketBeat, the company currently has an average rating of "Hold" and an average price target of $219.56.

Insider Buying and Selling

In other news, Director Robert W. Eddy purchased 1,357 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was purchased at an average price of $185.31 per share, with a total value of $251,465.67. Following the acquisition, the director directly owned 4,768 shares in the company, valued at approximately $883,558.08. The trade was a 39.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Lauren R. Hobart sold 40,166 shares of DICK'S Sporting Goods stock in a transaction that occurred 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 sale, the chief executive officer directly owned 299,990 shares in the company, valued at $61,371,954.20. The trade was a 11.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,733 shares of company stock valued at $9,088,118. 32.55% of the stock is owned by company insiders.

DICK'S Sporting Goods Stock Performance

DKS traded up $0.48 during trading on Wednesday, hitting $206.42. The stock had a trading volume of 1,738,700 shares, compared to its average volume of 1,291,966. The firm has a market cap of $16.52 billion, a PE ratio of 14.77, a P/E/G ratio of 2.94 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, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a 50 day simple moving average of $185.18 and a 200-day simple moving average of $205.74.

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 EPS for the quarter, hitting analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. Analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $1.2125 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.85 annualized dividend and a dividend yield of 2.35%. DICK'S Sporting Goods's payout ratio is 34.69%.

DICK'S Sporting Goods declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

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.