Cookson Peirce & Co. Inc. Trims Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Cookson Peirce & Co. Inc. cut its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,652 shares of the sporting goods retailer’s stock after selling 86 shares during the period. Cookson Peirce & Co. Inc.’s holdings in DICK’S Sporting Goods were worth $333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in DICK’S Sporting Goods during the 4th quarter valued at approximately $485,000. Bessemer Group Inc. raised its stake in shares of DICK’S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock worth $44,000 after buying an additional 72 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of DICK’S Sporting Goods by 27.5% during the 1st quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer’s stock worth $195,000 after buying an additional 209 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of DICK’S Sporting Goods during the 1st quarter worth approximately $54,000. Finally, Janus Henderson Group PLC raised its stake in shares of DICK’S Sporting Goods by 15.9% during the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer’s stock worth $2,664,000 after buying an additional 1,594 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, EVP Navdeep Gupta sold 13,334 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the sale, the executive vice president owned 74,444 shares in the company, valued at $16,749,900. This trade represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 1,026 shares of the firm’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $203.50, for a total value of $208,791.00. Following the sale, the executive vice president owned 18,139 shares in the company, valued at $3,691,286.50. This trade represents a 5.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is currently owned by insiders.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $224.16 on Friday. The business’s fifty day moving average price is $202.94 and its two-hundred day moving average price is $201.94. The stock has a market cap of $17.94 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 3.18 and a beta of 1.07. 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.

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

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $1.2125 per share. The ex-dividend date was Friday, June 13th. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 34.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on DICK’S Sporting Goods from $217.00 to $232.00 and gave the stock an “overweight” rating in a research note on Thursday, May 29th. Loop Capital set a $215.00 target price on DICK’S Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Wells Fargo & Company increased their target price on DICK’S Sporting Goods from $187.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday. Telsey Advisory Group reissued an “outperform” rating and set a $220.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, May 28th. Finally, Robert W. Baird cut their target price on DICK’S Sporting Goods from $230.00 to $185.00 and set a “neutral” rating for the company in a research note on Friday, May 16th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $223.06.

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.