Wesbanco Bank Inc. Has $1.55 Million Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Wesbanco Bank Inc. cut its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,224 shares of the sporting goods retailer’s stock after selling 100 shares during the quarter. Wesbanco Bank Inc.’s holdings in DICK’S Sporting Goods were worth $1,552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DKS. Vanguard Group Inc. increased its holdings in DICK’S Sporting Goods by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock valued at $1,209,892,000 after purchasing an additional 166,687 shares during the period. Victory Capital Management Inc. lifted its position in shares of DICK’S Sporting Goods by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock worth $342,984,000 after buying an additional 94,745 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in DICK’S Sporting Goods by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock worth $118,621,000 after buying an additional 10,091 shares during the period. Norges Bank purchased a new position in DICK’S Sporting Goods during the 4th quarter valued at about $108,908,000. Finally, Charles Schwab Investment Management Inc. increased its stake in DICK’S Sporting Goods by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 402,025 shares of the sporting goods retailer’s stock worth $59,078,000 after acquiring an additional 3,414 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DKS. Morgan Stanley raised their price target on DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. TD Cowen increased their price target on shares of DICK’S Sporting Goods from $224.00 to $266.00 and gave the company a “buy” rating in a report on Thursday, May 30th. DA Davidson increased their price target on DICK’S Sporting Goods from $250.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Wells Fargo & Company raised their target price on DICK’S Sporting Goods from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Finally, Loop Capital lowered their target price on shares of DICK’S Sporting Goods from $230.00 to $200.00 and set a “hold” rating on the stock in a research note on Tuesday. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.18.

DICK’S Sporting Goods Stock Up 3.0 %

Shares of NYSE:DKS opened at $200.55 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $234.47. The stock has a market cap of $16.34 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65. The firm’s 50 day moving average price is $212.81 and its 200 day moving average price is $197.85.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.36. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the business earned $3.40 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

DICK’S Sporting Goods Company 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.