DICK’S Sporting Goods, Inc. (NYSE:DKS) Position Increased by Central Bank & Trust Co.

Central Bank & Trust Co. increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,692 shares of the sporting goods retailer’s stock after acquiring an additional 166 shares during the period. DICK’S Sporting Goods comprises approximately 1.3% of Central Bank & Trust Co.’s portfolio, making the stock its 26th biggest holding. Central Bank & Trust Co.’s holdings in DICK’S Sporting Goods were worth $8,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in DICK’S Sporting Goods by 280.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after buying an additional 140 shares during the last quarter. Blue Trust Inc. increased its position in DICK’S Sporting Goods by 236.8% during the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after buying an additional 206 shares during the last quarter. Rise Advisors LLC increased its position in 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 worth $57,000 after buying an additional 159 shares during the last quarter. Capital Analysts LLC increased its position 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 worth $66,000 after buying an additional 257 shares during the last quarter. Finally, Allworth Financial LP increased its position in DICK’S Sporting Goods by 2,505.3% during the fourth quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock worth $73,000 after buying an additional 476 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the completion of the transaction, the executive vice president now owns 16,504 shares in the company, valued at $3,664,218.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

DKS traded down $0.18 during midday trading on Friday, reaching $229.33. 2,445,542 shares of the company’s stock were exchanged, compared to its average volume of 1,305,263. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.62. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $234.47. The business has a 50-day simple moving average of $206.57 and a two-hundred day simple moving average of $182.56.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last announced its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.36. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.40 earnings per share. As a group, research analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio is 36.42%.

Wall Street Analyst Weigh In

Several equities analysts have commented on DKS shares. DA Davidson increased their target price on shares of DICK’S Sporting Goods from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Stifel Nicolaus increased their target price on shares of DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $245.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, May 29th. JPMorgan Chase & Co. raised their price target on DICK’S Sporting Goods from $197.00 to $211.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Finally, Robert W. Baird raised their price target on DICK’S Sporting Goods from $225.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average target price of $237.09.

Get Our Latest Research Report on DICK’S Sporting Goods

DICK’S Sporting Goods Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

Receive News & Ratings for DICK'S Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DICK'S Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.