DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by MV Capital Management Inc.

MV Capital Management Inc. trimmed its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 25.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 750 shares of the sporting goods retailer’s stock after selling 250 shares during the period. MV Capital Management Inc.’s holdings in DICK’S Sporting Goods were worth $169,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DKS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of DICK’S Sporting Goods by 280.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after purchasing an additional 140 shares during the period. Rise Advisors LLC boosted its holdings in shares of DICK’S Sporting Goods by 163.9% during the first quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock valued at $57,000 after acquiring an additional 159 shares during the period. Blue Trust Inc. boosted its position in DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after acquiring an additional 206 shares during the period. Capital Analysts LLC boosted its stake in DICK’S Sporting Goods by 132.5% during the fourth quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock valued at $66,000 after buying an additional 257 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of DICK’S Sporting Goods by 2,505.3% in the 4th quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock worth $73,000 after acquiring an additional 476 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $198.20 on Wednesday. The firm has a market cap of $16.15 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 2.35 and a beta of 1.65. The firm has a fifty day moving average price of $209.12 and a 200 day moving average price of $186.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $234.47.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $2.94 by $0.36. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. DICK’S Sporting Goods’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.40 earnings per share. As a group, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio is presently 36.42%.

Wall Street Analysts Forecast Growth

DKS has been the subject of several research reports. Wells Fargo & Company boosted their price target on DICK’S Sporting Goods from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Barclays upped their price objective on DICK’S Sporting Goods from $231.00 to $247.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Citigroup increased their target price on DICK’S Sporting Goods from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Oppenheimer lifted their price target on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Finally, UBS Group upped their price objective on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $237.09.

Insider Buying and Selling

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 32.03% of the stock is owned by insiders.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.