Atria Wealth Solutions Inc. Lowers Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Atria Wealth Solutions Inc. lessened its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 13.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,171 shares of the sporting goods retailer’s stock after selling 350 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in DICK’S Sporting Goods were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE raised its stake in DICK’S Sporting Goods by 1.1% during the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock valued at $955,000 after buying an additional 53 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of DICK’S Sporting Goods by 5.9% during the fourth quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer’s stock valued at $232,000 after buying an additional 57 shares during the last quarter. Pine Haven Investment Counsel Inc grew its holdings in shares of DICK’S Sporting Goods by 4.9% during the first quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer’s stock valued at $258,000 after buying an additional 60 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of DICK’S Sporting Goods by 4.4% during the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock valued at $292,000 after buying an additional 61 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of DICK’S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock valued at $38,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 1.2%

DICK’S Sporting Goods stock opened at $223.19 on Friday. The stock has a market cap of $17.87 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 3.22 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. The stock has a fifty day moving average of $202.07 and a 200 day moving average of $202.12.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, hitting analysts’ consensus estimates of $3.37. The business had revenue of $3.16 billion during 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%. As a group, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $1.2125 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio is presently 34.69%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DKS. Barclays increased their price target on shares of DICK’S Sporting Goods from $217.00 to $232.00 and gave the company an “overweight” rating in a report on Thursday, May 29th. Gordon Haskett raised DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a report on Friday, July 25th. Citigroup reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a report on Thursday, May 29th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $220.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, May 28th. Finally, Bank of America lowered their price target on DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, June 24th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods has a consensus rating of “Hold” and an average price target of $223.06.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,166 shares of the company’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $204.58, for a total value of $8,217,160.28. Following the completion of the sale, the chief executive officer owned 299,990 shares in the company, valued at $61,371,954.20. This represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Elizabeth H. Baran sold 1,830 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total value of $374,509.50. Following the completion of the sale, the senior vice president owned 12,465 shares of the company’s stock, valued at approximately $2,550,962.25. The trade was a 12.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is currently owned by corporate insiders.

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.