Xponance Inc. Sells 335 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)


Xponance Inc. lowered its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating) by 4.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,869 shares of the sporting goods retailer’s stock after selling 335 shares during the period. Xponance Inc.’s holdings in DICK’S Sporting Goods were worth $687,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. Signature Estate & Investment Advisors LLC bought a new position in DICK’S Sporting Goods during the first quarter worth about $1,834,000. Fifth Third Bancorp boosted its position in DICK’S Sporting Goods by 62.0% during the first quarter. Fifth Third Bancorp now owns 264 shares of the sporting goods retailer’s stock worth $26,000 after purchasing an additional 101 shares during the period. TCW Group Inc. boosted its position in DICK’S Sporting Goods by 19.1% during the first quarter. TCW Group Inc. now owns 359,570 shares of the sporting goods retailer’s stock worth $35,964,000 after purchasing an additional 57,747 shares during the period. Central Bank & Trust Co. boosted its position in DICK’S Sporting Goods by 23.3% during the first quarter. Central Bank & Trust Co. now owns 57,828 shares of the sporting goods retailer’s stock worth $5,784,000 after purchasing an additional 10,942 shares during the period. Finally, Ritholtz Wealth Management boosted its position in DICK’S Sporting Goods by 36.9% during the first quarter. Ritholtz Wealth Management now owns 3,499 shares of the sporting goods retailer’s stock worth $350,000 after purchasing an additional 944 shares during the period. Hedge funds and other institutional investors own 78.92% of the company’s stock.

In related news, Director William J. Colombo purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The shares were acquired at an average price of $80.99 per share, for a total transaction of $404,950.00. Following the completion of the acquisition, the director now directly owns 162,003 shares in the company, valued at approximately $13,120,622.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Navdeep Gupta sold 9,614 shares of DICK’S Sporting Goods stock in a transaction on Friday, April 8th. The shares were sold at an average price of $104.13, for a total transaction of $1,001,105.82. Following the completion of the sale, the chief financial officer now owns 95,272 shares in the company, valued at approximately $9,920,673.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,325 shares of company stock worth $6,668,008. 32.83% of the stock is currently owned by company insiders.

A number of brokerages have weighed in on DKS. Cowen increased their target price on shares of DICK’S Sporting Goods from $161.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 9th. Stifel Nicolaus cut their price objective on shares of DICK’S Sporting Goods from $113.00 to $75.00 in a research report on Thursday, May 26th. Wedbush cut their price objective on shares of DICK’S Sporting Goods from $140.00 to $110.00 in a research report on Thursday, May 26th. Citigroup cut their price objective on shares of DICK’S Sporting Goods from $170.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, May 26th. Finally, OTR Global downgraded shares of DICK’S Sporting Goods to a “positive” rating in a research note on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $117.41.

DKS stock opened at $78.95 on Thursday. The company has a market capitalization of $6.36 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 1.43 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a one year low of $63.45 and a one year high of $147.39. The company’s 50 day moving average price is $82.78 and its two-hundred day moving average price is $99.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 1.88.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last issued its earnings results on Wednesday, May 25th. The sporting goods retailer reported $2.85 EPS for the quarter, topping the consensus estimate of $2.42 by $0.43. DICK’S Sporting Goods had a net margin of 11.75% and a return on equity of 58.42%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the previous year, the firm earned $3.79 earnings per share. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, research analysts predict that DICK’S Sporting Goods, Inc. will post 10.74 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were paid a $0.488 dividend. This represents a $1.95 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Thursday, June 9th. DICK’S Sporting Goods’s payout ratio is 15.07%.

DICK’S Sporting Goods Company Profile (Get Rating)

DICK’S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating).

Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)



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