BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $53.39 Million Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 18.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,449 shares of the sporting goods retailer’s stock after selling 52,931 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.29% of DICK’S Sporting Goods worth $53,392,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DKS. V Square Quantitative Management LLC acquired a new position in DICK’S Sporting Goods in the first quarter worth about $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in DICK’S Sporting Goods by 280.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after buying an additional 140 shares during the last quarter. Blue Trust Inc. grew its stake in DICK’S Sporting Goods by 236.8% during the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after buying an additional 206 shares during the last quarter. Rise Advisors LLC grew its stake in DICK’S Sporting Goods by 163.9% during the first quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock worth $57,000 after buying an additional 159 shares during the last quarter. Finally, Capital Analysts LLC grew its stake in DICK’S Sporting Goods by 132.5% during the fourth quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after buying an additional 257 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

DKS has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $245.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, May 29th. Bank of America raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $225.00 to $240.00 in a research note on Wednesday, May 29th. TD Cowen upped their price objective on shares of DICK’S Sporting Goods from $224.00 to $266.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Oppenheimer upped their price objective on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of DICK’S Sporting Goods from $197.00 to $211.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $237.09.

Insider Activity

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

DICK’S Sporting Goods Stock Up 3.2 %

Shares of NYSE:DKS traded up $6.85 during midday trading on Thursday, reaching $220.63. 189,954 shares of the company were exchanged, compared to its average volume of 1,155,708. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $234.47. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $210.37 and a two-hundred day simple moving average of $191.17. The firm has a market cap of $17.98 billion, a PE ratio of 18.24, a P/E/G ratio of 2.48 and a beta of 1.65.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the business earned $3.40 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.42%.

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.