DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,384 shares of the sporting goods retailer’s stock after selling 643 shares during the quarter. Wesbanco Bank Inc.’s holdings in DICK’S Sporting Goods were worth $1,287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in DICK’S Sporting Goods during the fourth quarter worth about $27,000. Ancora Advisors LLC bought a new position in DICK’S Sporting Goods in the 4th quarter worth about $28,000. Rialto Wealth Management LLC bought a new position in DICK’S Sporting Goods in the 4th quarter worth about $30,000. Bessemer Group Inc. grew its position in DICK’S Sporting Goods by 108.6% in the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer’s stock worth $33,000 after purchasing an additional 76 shares during the last quarter. Finally, Promus Capital LLC bought a new position in DICK’S Sporting Goods in the 4th quarter worth about $48,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

DKS has been the subject of several recent analyst reports. Robert W. Baird decreased their target price on shares of DICK’S Sporting Goods from $230.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, May 16th. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Friday, May 9th. DA Davidson decreased their target price on shares of DICK’S Sporting Goods from $273.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, May 29th. Guggenheim restated a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Finally, 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 research report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Hold” and an average target price of $220.11.

DICK’S Sporting Goods Trading Up 0.9%

DICK’S Sporting Goods stock opened at $182.29 on Tuesday. The stock has a market capitalization of $14.56 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $184.57 and a 200-day simple moving average of $209.06.

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 analysts’ consensus estimates of $3.37. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. As a group, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Friday, June 13th. DICK’S Sporting Goods’s payout ratio is 34.69%.

DICK’S Sporting Goods announced that its Board of Directors has authorized a share buyback program on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

DICK’S Sporting Goods 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.