Westwood Holdings Group Inc. Grows Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Westwood Holdings Group Inc. raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,063 shares of the sporting goods retailer’s stock after buying an additional 676 shares during the period. Westwood Holdings Group Inc.’s holdings in DICK’S Sporting Goods were worth $1,363,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of DKS. SG Americas Securities LLC boosted its holdings in shares of DICK’S Sporting Goods by 1,305.5% in the 4th quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock worth $870,000 after buying an additional 5,496 shares during the last quarter. Mutual Advisors LLC raised its position in DICK’S Sporting Goods by 18.5% in the fourth quarter. Mutual Advisors LLC now owns 3,060 shares of the sporting goods retailer’s stock worth $450,000 after acquiring an additional 477 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new position in DICK’S Sporting Goods in the fourth quarter valued at about $206,000. Assenagon Asset Management S.A. bought a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at approximately $216,000. Finally, Blue Trust Inc. increased its stake in shares of DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after purchasing an additional 206 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS traded up $6.21 on Friday, hitting $208.93. The company’s stock had a trading volume of 922,040 shares, compared to its average volume of 1,071,441. The company has a market capitalization of $17.03 billion, a PE ratio of 17.30, a PEG ratio of 2.22 and a beta of 1.65. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 0.65. The company has a 50-day simple moving average of $211.78 and a 200 day simple moving average of $194.02. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $234.47.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm posted $3.40 earnings per share. DICK’S Sporting Goods’s quarterly revenue was up 6.2% on a year-over-year basis. Sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $1.10 dividend. The ex-dividend date was Friday, June 14th. This represents a $4.40 annualized dividend and a yield of 2.11%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the completion of the sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the sale, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The disclosure for this sale can be found here. Insiders have sold a total of 8,400 shares of company stock valued at $1,811,336 over the last 90 days. 32.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DKS has been the topic of several research analyst reports. Stifel Nicolaus increased their price objective on DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a report on Thursday, May 30th. UBS Group lifted their price objective on DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Gordon Haskett boosted their price objective on DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Wedbush reiterated a “neutral” rating and set a $230.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, June 5th. Finally, DA Davidson lifted their target price on shares of DICK’S Sporting Goods from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus target price of $237.09.

DICK’S Sporting Goods Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.