Citigroup Inc. Sells 230,491 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Citigroup Inc. reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 77.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,142 shares of the sporting goods retailer’s stock after selling 230,491 shares during the period. Citigroup Inc. owned 0.08% of DICK’S Sporting Goods worth $13,533,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DKS. Park Square Financial Group LLC bought a new stake in DICK’S Sporting Goods during the fourth quarter worth about $27,000. Ancora Advisors LLC purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $28,000. Bessemer Group Inc. boosted its position in shares of DICK’S Sporting Goods by 108.6% in the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer’s stock worth $33,000 after purchasing an additional 76 shares in the last quarter. Private Trust Co. NA grew its stake in shares of DICK’S Sporting Goods by 54.1% in the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock worth $38,000 after buying an additional 66 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in 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 valued at $43,000 after buying an additional 201 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on DKS. Gordon Haskett raised DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a report on Friday, July 25th. Wall Street Zen raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Friday, May 9th. Citigroup reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a report on Thursday, May 29th. Robert W. Baird cut their target price on shares of DICK’S Sporting Goods from $230.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. dropped 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. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $223.06.

Insider Transactions at DICK’S Sporting Goods

In related news, SVP Elizabeth H. Baran sold 1,830 shares of the company’s stock in a transaction 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 sale, the senior vice president owned 12,465 shares of the company’s stock, valued at $2,550,962.25. This represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of the stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $187.00, for a total transaction of $662,167.00. Following the transaction, the executive vice president owned 19,165 shares of the company’s stock, valued at $3,583,855. This trade represents a 15.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,200 shares of company stock valued at $14,462,923 in the last 90 days. Company insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $223.19 on Friday. 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 twelve month low of $166.37 and a twelve month high of $254.60. The business has a 50-day moving average price of $202.07 and a 200-day moving average price of $202.12. The firm has a market cap of $17.87 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 3.22 and a beta of 1.07.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, hitting analysts’ consensus estimates of $3.37. DICK’S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.12 billion. As a group, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $1.2125 dividend. 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 2.2%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 34.69%.

About DICK’S Sporting Goods

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.