Robeco Institutional Asset Management B.V. raised its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,027 shares of the sporting goods retailer’s stock after acquiring an additional 1,647 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.05% of DICK’S Sporting Goods worth $6,105,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Westpac Banking Corp raised its holdings in DICK’S Sporting Goods by 2.9% during the first quarter. Westpac Banking Corp now owns 6,395 shares of the sporting goods retailer’s stock valued at $907,000 after acquiring an additional 181 shares during the period. Cookson Peirce & Co. Inc. raised its holdings in DICK’S Sporting Goods by 198.6% during the first quarter. Cookson Peirce & Co. Inc. now owns 217,939 shares of the sporting goods retailer’s stock valued at $30,923,000 after acquiring an additional 144,962 shares during the period. New Mexico Educational Retirement Board raised its holdings in DICK’S Sporting Goods by 11.0% during the first quarter. New Mexico Educational Retirement Board now owns 10,100 shares of the sporting goods retailer’s stock valued at $1,433,000 after acquiring an additional 1,000 shares during the period. Yousif Capital Management LLC raised its holdings in DICK’S Sporting Goods by 5.0% during the first quarter. Yousif Capital Management LLC now owns 31,370 shares of the sporting goods retailer’s stock valued at $4,451,000 after acquiring an additional 1,498 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of DICK’S Sporting Goods by 26.0% in the first quarter. Victory Capital Management Inc. now owns 59,339 shares of the sporting goods retailer’s stock worth $8,420,000 after purchasing an additional 12,251 shares during the last quarter. 69.98% of the stock is owned by institutional investors.
Insider Transactions at DICK’S Sporting Goods
In other news, Director Mark J. Barrenechea sold 9,085 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.54, for a total transaction of $1,122,360.90. Following the sale, the director now directly owns 2,816 shares of the company’s stock, valued at $347,888.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other DICK’S Sporting Goods news, Director Mark J. Barrenechea sold 9,085 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.54, for a total value of $1,122,360.90. Following the sale, the director now directly owns 2,816 shares of the company’s stock, valued at $347,888.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Navdeep Gupta sold 16,321 shares of the company’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $136.28, for a total transaction of $2,224,225.88. Following the completion of the sale, the chief financial officer now directly owns 97,012 shares in the company, valued at $13,220,795.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,139 shares of company stock valued at $3,583,419. Corporate insiders own 30.79% of the company’s stock.
DICK’S Sporting Goods Stock Performance
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last issued its quarterly earnings results on Tuesday, May 23rd. The sporting goods retailer reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.18. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.80 billion. DICK’S Sporting Goods had a return on equity of 45.52% and a net margin of 8.69%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 earnings per share. On average, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.47 earnings per share for the current fiscal year.
DICK’S Sporting Goods Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Thursday, June 15th. DICK’S Sporting Goods’s payout ratio is presently 34.19%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their target price on DICK’S Sporting Goods from $146.00 to $140.00 in a report on Wednesday, May 24th. Citigroup reduced their target price on DICK’S Sporting Goods from $144.00 to $135.00 in a report on Wednesday, May 24th. Loop Capital dropped their price target on DICK’S Sporting Goods from $150.00 to $135.00 in a research report on Wednesday, May 24th. Finally, StockNews.com started coverage on DICK’S Sporting Goods in a research report on Thursday, May 18th. They set a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.43.
Check Out Our Latest Analysis on DICK’S Sporting Goods
About DICK’S Sporting Goods
DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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