Westwood Holdings Group Inc. Grows Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Westwood Holdings Group Inc. boosted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,063 shares of the sporting goods retailer’s stock after buying an additional 676 shares during the period. Westwood Holdings Group Inc.’s holdings in DICK’S Sporting Goods were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in DICK’S Sporting Goods by 3.2% in 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 during the last quarter. Victory Capital Management Inc. lifted its stake in shares of DICK’S Sporting Goods by 4.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock worth $342,984,000 after buying an additional 94,745 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in DICK’S Sporting Goods by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock valued at $118,621,000 after purchasing an additional 10,091 shares during the period. Norges Bank bought a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $108,908,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in DICK’S Sporting Goods by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 402,025 shares of the sporting goods retailer’s stock valued at $59,078,000 after buying an additional 3,414 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $6.99 on Friday, reaching $199.00. 933,084 shares of the company were exchanged, compared to its average volume of 1,051,194. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year high of $234.47. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65. The company has a 50-day moving average of $213.71 and a 200-day moving average of $196.73.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.40 EPS. Equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.76 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 28th. Investors of record on Friday, June 14th were issued a $1.10 dividend. The ex-dividend date was Friday, June 14th. This represents a $4.40 annualized dividend and a yield of 2.21%. DICK’S Sporting Goods’s payout ratio is 36.42%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus raised 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 report on Thursday, May 30th. Robert W. Baird raised their target price on shares of 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. UBS Group lifted their price objective on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Gordon Haskett lifted their price objective on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Jefferies Financial Group initiated coverage on shares of DICK’S Sporting Goods in a research note on Friday, April 12th. They issued a “hold” rating and a $211.00 target price for the company. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $237.09.

Insider Activity at DICK’S Sporting Goods

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

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.