DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 191,721 shares of the sporting goods retailer’s stock after selling 92 shares during the period. Todd Asset Management LLC owned 0.24% of DICK’S Sporting Goods worth $38,643,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Park Square Financial Group LLC purchased a new position in DICK’S Sporting Goods in the 4th quarter valued at about $27,000. Ancora Advisors LLC purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $28,000. Bessemer Group Inc. lifted its holdings in shares of DICK’S Sporting Goods by 108.6% during the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer’s stock worth $33,000 after acquiring an additional 76 shares during the period. Private Trust Co. NA lifted its holdings in shares of DICK’S Sporting Goods by 54.1% during the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock worth $38,000 after acquiring an additional 66 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 1,435.7% during the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock worth $43,000 after acquiring an additional 201 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, SVP Elizabeth H. Baran sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the completion of the sale, the senior vice president owned 12,465 shares of the company’s stock, valued at approximately $2,550,962.25. This trade represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Navdeep Gupta sold 9,303 shares of the firm’s 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 sale, the executive vice president directly owned 87,778 shares of the company’s stock, valued at $18,872,270. The trade was a 9.58% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,866 shares of company stock valued at $11,462,773. Corporate insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Down 1.9%

Shares of NYSE:DKS opened at $211.04 on Monday. 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 52-week low of $166.37 and a 52-week high of $254.60. The company has a 50 day moving average of $198.59 and a two-hundred day moving average of $202.24. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 3.01 and a beta of 1.07.

DICK’S Sporting Goods (NYSE:DKS) last issued 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. DICK’S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. As a group, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 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 27th. Stockholders of record on Friday, June 13th were given 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 (DPR) is presently 34.69%.

Analysts Set New Price Targets

DKS has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of DICK’S Sporting Goods from $224.00 to $195.00 and set a “neutral” rating on the stock in a report on Thursday, May 29th. TD Cowen lowered shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $216.00 price objective on the stock. in a report on Thursday, May 15th. Loop Capital set a $215.00 price objective on shares of DICK’S Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, July 30th. 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, Citigroup reiterated a “neutral” rating on shares of DICK’S Sporting Goods in a report on Thursday, May 29th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Hold” and an average target price of $221.50.

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.