Commerzbank Aktiengesellschaft FI Buys 1,251 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Commerzbank Aktiengesellschaft FI lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 46.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,930 shares of the sporting goods retailer’s stock after purchasing an additional 1,251 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in DICK’S Sporting Goods were worth $793,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in shares of DICK’S Sporting Goods by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer’s stock worth $241,660,000 after purchasing an additional 15,011 shares in the last quarter. Norges Bank bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at about $221,693,000. Dimensional Fund Advisors LP increased its holdings in DICK’S Sporting Goods by 10.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer’s stock worth $201,768,000 after acquiring an additional 86,064 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of DICK’S Sporting Goods by 5.1% during the fourth quarter. JPMorgan Chase & Co. now owns 652,838 shares of the sporting goods retailer’s stock valued at $149,396,000 after purchasing an additional 31,919 shares in the last quarter. Finally, Northern Trust Corp increased its stake in DICK’S Sporting Goods by 27.9% during the fourth quarter. Northern Trust Corp now owns 594,995 shares of the sporting goods retailer’s stock worth $136,159,000 after acquiring an additional 129,783 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DKS shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, May 28th. JPMorgan Chase & Co. decreased their price objective on shares of DICK’S Sporting Goods from $224.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday, May 29th. Barclays upped their target price on shares of DICK’S Sporting Goods from $217.00 to $232.00 and gave the stock an “overweight” rating in a report on Thursday, May 29th. Loop Capital dropped their price objective on shares of DICK’S Sporting Goods from $195.00 to $180.00 and set a “hold” rating for the company in a report on Friday, May 16th. Finally, Gordon Haskett lowered shares of DICK’S Sporting Goods from a “buy” rating to a “reduce” rating and set a $170.00 price objective for the company. in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Hold” and a consensus target price of $219.56.

DICK’S Sporting Goods Trading Up 3.7%

DICK’S Sporting Goods stock opened at $209.39 on Friday. The stock has a 50-day moving average of $189.26 and a two-hundred day moving average of $204.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 1.62. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The stock has a market cap of $16.76 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 2.88 and a beta of 1.07.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. DICK’S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. On average, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company 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. This represents a $4.85 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Friday, June 13th. DICK’S Sporting Goods’s payout ratio is currently 34.69%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,166 shares of the business’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the sale, the chief executive officer owned 299,990 shares in the company, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of the firm’s stock in a transaction that occurred 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 directly owned 19,165 shares in the company, valued at approximately $3,583,855. The trade was a 15.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,866 shares of company stock worth $11,462,773. 32.55% of the stock is owned by company insiders.

DICK’S Sporting Goods Company Profile

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.