DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lowered its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 28.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 985 shares of the sporting goods retailer’s stock after selling 390 shares during the quarter. Epoch Investment Partners Inc.’s holdings in DICK’S Sporting Goods were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DKS. Norges Bank acquired a new position in DICK’S Sporting Goods in the fourth quarter valued at $108,908,000. Wedge Capital Management L L P NC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $47,196,000. Vanguard Group Inc. lifted its stake in shares of DICK’S Sporting Goods by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after purchasing an additional 166,687 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of DICK’S Sporting Goods by 5,379.0% during the first quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock worth $37,724,000 after purchasing an additional 164,706 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $19,219,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the transaction, the director now directly owns 5,609 shares in the company, valued at $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total value of $1,090,118.20. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,664,218.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the sale, the director now owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,400 shares of company stock worth $1,811,336. Company insiders own 32.03% of the company’s stock.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of recent research reports. Telsey Advisory Group restated an “outperform” rating and set a $245.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, May 29th. Barclays boosted their price objective on DICK’S Sporting Goods from $231.00 to $247.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Oppenheimer boosted their price objective on DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Morgan Stanley boosted their price target on DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Finally, Stifel Nicolaus boosted their price target on DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $237.09.

DICK’S Sporting Goods Stock Up 3.1 %

DICK’S Sporting Goods stock traded up $6.21 during midday trading on Friday, hitting $208.93. The stock had a trading volume of 922,040 shares, compared to its average volume of 1,071,441. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. The stock has a market cap of $17.03 billion, a P/E ratio of 17.30, a P/E/G ratio of 2.29 and a beta of 1.65. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $234.47. The business has a fifty day moving average price of $211.78 and a 200 day moving average price of $194.39.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, beating the consensus estimate of $2.94 by $0.36. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.40 earnings per share. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $1.10 per share. The ex-dividend date was Friday, June 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.11%. DICK’S Sporting Goods’s dividend payout ratio is presently 36.42%.

DICK’S Sporting Goods Company Profile

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.