National Bank of Canada FI Has $341,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

National Bank of Canada FI increased its holding in DICK’S Sporting Goods, Inc. (NYSE: DKS – Get Rating) by 413.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,211 shares of the sporting goods retailer, after purchasing a further 2,586 shares during the period. The National Bank of Canada FI’s interests in DICK’S Sporting Goods were valued at $341,000 at the end of the last reporting period.

Several other hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in DICK’S Sporting Goods by 17.0% during the fourth quarter. Geode Capital Management LLC now owns 1,088,733 shares of the sporting goods retailer, valued at $125,197,000, after purchasing an additional 158,201 shares last quarter. Renaissance Technologies LLC increased its stake in DICK’S Sporting Goods by 9.8% during the fourth quarter. Renaissance Technologies LLC now owns 423,818 shares of the sporting goods retailer’s stock valued at $48,735,000 after purchasing an additional 37,818 shares last quarter. Wedge Capital Management LLP NC increased its stake in DICK’S Sporting Goods by 1.3% during the first quarter. Wedge Capital Management LLP NC now owns 367,425 shares of the sporting goods retailer valued at $36,750,000 after purchasing an additional 4,875 shares last quarter. TCW Group Inc. increased its stake in DICK’S Sporting Goods by 19.1% in the first quarter. TCW Group Inc. now owns 359,570 shares of the sporting goods retailer’s stock valued at $35,964,000 after purchasing an additional 57,747 shares last quarter. Finally, during the fourth quarter, HS Management Partners LLC acquired a new position in shares of DICK’S Sporting Goods valued at approximately $34,787,000. 78.92% of the shares are currently owned by institutional investors and hedge funds.

Insider buying and selling at DICK’S sporting goods

In other news from DICK’S Sporting Goods, SVP John Edward Hayes III sold 1,200 shares of DICK’S Sporting Goods in a transaction dated Thursday, May 26th. The stock sold at an average price of $84.57 for a total value of $101,484.00. Following the transaction, the senior vice president now owns 34,231 shares of the company, valued at $2,894,915.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. In related news, on Tuesday, May 31, Director William J. Colombo bought 5,000 shares of the company’s stock in a transaction. The shares were purchased at an average price of $80.99 per share for a total transaction of $404,950.00. Upon completion of the purchase, the Director now directly owns 162,003 shares of the Company, valued at $13,120,622.97. The transaction was disclosed in a filing with the Securities & Exchange Commission available at this link. In addition, SVP John Edward Hayes III sold 1,200 shares of the company’s shares in a transaction on Thursday, May 26th. The stock sold at an average price of $84.57 for a total value of $101,484.00. Following the sale, the senior vice president now owns 34,231 shares of the company’s stock valued at approximately $2,894,915.67. The disclosure for this sale can be found here. 32.83% of the shares are owned by insiders.

Wall Street analysts forecast growth

DKS has been the subject of several recent analyst reports. Stifel Nicolaus raised his price target on shares of DICK’S Sporting Goods from $75.00 to $84.00 in a research note on Wednesday, July 20. Wedbush lowered its target price on shares of DICK’S Sporting Goods from $140.00 to $110.00 in a research note on Thursday, May 26. DA Davidson lowered its target price on shares of DICK’S Sporting Goods to $123.00 in a research note on Thursday, May 26. The Telsey Advisory Group lowered its target price on shares of DICK’S Sporting Goods from $125.00 to $110.00 and gave the stock a “Outperform” rating in a research note on Thursday, May 26. Finally, Stephens lowered his target price on shares of DICK’S Sporting Goods to $102.00 in a report on Monday, May 30. One research analyst has rated the stock with a sell rating, nine with a hold rating and eight with a buy rating. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of Hold and a consensus price target of $117.94.

DICK’S sporting goods inventory up 3.9%

NYSE:DKS opened at $101.97 on Thursday. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-to-growth ratio of 1.81 and a beta of 1.63. The company has a current ratio of 1.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89. DICK’S Sporting Goods, Inc. has a 12-month low of $63.45 and a 12-month high of $147.39. The stock has a 50-day simple moving average of $85.05 and a 200-day simple moving average of $96.30.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly results on Wednesday, May 25th. The sporting goods retailer reported $2.85 EPS for the quarter, beating the consensus estimate of $2.43 by $0.42. The company had revenue of $2.70 billion in the quarter, compared to analyst estimates of $2.63 billion. DICK’S Sporting Goods had a return on equity of 58.42% and a net margin of 11.75%. The company’s revenue fell 7.5% year over year in the quarter. In the same quarter last year, the company posted earnings per share of $3.79. Analysts expect DICK’s Sporting Goods, Inc. to post 10.77 EPS for the year to date.

DICK’S Sporting Goods announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record were paid a dividend of $0.488 on Friday, June 10th. The ex-dividend date of this dividend was Thursday June 9th. That equates to an annualized dividend of $1.95 and a yield of 1.91%. DICK’S Sporting Goods’ Dividend Payout Ratio (DPR) is currently 15.07%.

About DICK’S sporting goods

(received rating)

DICK’S Sporting Goods, Inc, along with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The Company offers hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; Clothing; and shoes and accessories.

Continue reading

Get News & Reviews 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.