DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. decreased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,082 shares of the sporting goods retailer’s stock after selling 901 shares during the period. Fulton Bank N.A.’s holdings in DICK’S Sporting Goods were worth $3,040,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DKS. Merit Financial Group LLC bought a new position in DICK’S Sporting Goods during the 1st quarter worth approximately $290,000. Arlington Financial Advisors LLC lifted its holdings in shares of DICK’S Sporting Goods by 125.1% in the 1st quarter. Arlington Financial Advisors LLC now owns 2,075 shares of the sporting goods retailer’s stock worth $418,000 after purchasing an additional 1,153 shares during the last quarter. NBC Securities Inc. bought a new position in DICK’S Sporting Goods during the 1st quarter worth $54,000. American National Bank & Trust bought a new stake in DICK’S Sporting Goods in the first quarter valued at $225,000. Finally, Parallel Advisors LLC increased its holdings in shares of DICK’S Sporting Goods by 46.3% in the 1st quarter. Parallel Advisors LLC now owns 585 shares of the sporting goods retailer’s stock worth $118,000 after acquiring an additional 185 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DKS. Citigroup reissued a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Thursday. Barclays increased their price objective on DICK’S Sporting Goods from $217.00 to $232.00 and gave the stock an “overweight” rating in a report on Thursday, May 29th. Robert W. Baird lowered their target price on DICK’S Sporting Goods from $230.00 to $185.00 and set a “neutral” rating on the stock in a research report on Friday, May 16th. JPMorgan Chase & Co. reduced 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. Finally, Loop Capital lowered their price target on DICK’S Sporting Goods from $195.00 to $180.00 and set a “hold” rating on the stock in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Hold” and an average target price of $220.11.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $176.26 on Tuesday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The firm’s 50 day simple moving average is $187.29 and its 200-day simple moving average is $209.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The company has a market cap of $14.08 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.12 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. As a group, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Friday, June 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 34.69%.

DICK’S Sporting Goods declared that its board has authorized a stock buyback plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is 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.