Tabor Asset Management LP Lowers Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Tabor Asset Management LP decreased its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 49.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,641 shares of the sporting goods retailer's stock after selling 18,603 shares during the quarter. Tabor Asset Management LP's holdings in DICK'S Sporting Goods were worth $3,757,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in DICK'S Sporting Goods in the fourth quarter worth about $221,693,000. Wellington Management Group LLP bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $125,285,000. Junto Capital Management LP bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $89,351,000. GAMMA Investing LLC lifted its stake in shares of DICK'S Sporting Goods by 24,140.8% in the 1st quarter. GAMMA Investing LLC now owns 291,859 shares of the sporting goods retailer's stock valued at $58,827,000 after purchasing an additional 290,655 shares during the last quarter. Finally, Candlestick Capital Management LP bought a new position in DICK'S Sporting Goods in the 4th quarter worth about $41,354,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, Director Robert W. Eddy bought 1,280 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were purchased at an average price of $194.99 per share, for a total transaction of $249,587.20. Following the completion of the purchase, the director owned 6,048 shares in the company, valued at approximately $1,179,299.52. This represents a 26.85% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Navdeep Gupta sold 9,303 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $215.00, for a total transaction of $2,000,145.00. Following the completion of the transaction, the executive vice president owned 87,778 shares in the company, valued at $18,872,270. The trade was a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,866 shares of company stock valued at $11,462,773 over the last three months. 32.55% of the stock is currently owned by corporate insiders.

DICK'S Sporting Goods Stock Up 2.1%

DKS traded up $4.42 during midday trading on Monday, hitting $213.91. The company had a trading volume of 87,233 shares, compared to its average volume of 1,294,938. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 2.99 and a beta of 1.07. The stock's 50 day moving average price is $189.64 and its 200 day moving average price is $203.97. 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 (NYSE:DKS - Get Free Report) last released 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. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. On average, research analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is currently 34.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DKS shares. UBS Group decreased 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 research report on Thursday, May 29th. Gordon Haskett lowered shares of DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price objective on the stock. in a research note on Friday, May 16th. Bank of America lowered their target price on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. Stifel Nicolaus lowered their price target on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Finally, Wells Fargo & Company raised their target price on DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Hold" and an average price target of $219.56.

DICK'S Sporting Goods 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.

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