2,125 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS purchased a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,125 shares of the sporting goods retailer's stock, valued at approximately $486,000.

A number of other institutional investors also recently bought and sold shares of the stock. Sanctuary Advisors LLC boosted its stake in DICK'S Sporting Goods by 2.4% in the 4th quarter. Sanctuary Advisors LLC now owns 49,506 shares of the sporting goods retailer's stock worth $12,378,000 after purchasing an additional 1,142 shares in the last quarter. Principal Financial Group Inc. boosted its stake in DICK'S Sporting Goods by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 187,068 shares of the sporting goods retailer's stock worth $42,809,000 after purchasing an additional 4,491 shares in the last quarter. Principal Securities Inc. boosted its stake in DICK'S Sporting Goods by 11.8% in the 4th quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock worth $821,000 after purchasing an additional 380 shares in the last quarter. PUREfi Wealth LLC acquired a new stake in DICK'S Sporting Goods in the 4th quarter worth approximately $315,000. Finally, Valeo Financial Advisors LLC boosted its stake in DICK'S Sporting Goods by 41.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,589 shares of the sporting goods retailer's stock worth $364,000 after purchasing an additional 469 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DKS has been the subject of a number of recent analyst reports. Argus lifted their target price on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Wedbush reissued a "neutral" rating and set a $215.00 price target (down from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Morgan Stanley raised their price target on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Telsey Advisory Group reissued an "outperform" rating and set a $260.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Finally, Loop Capital raised their price target on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and an average target price of $248.09.

Insider Activity at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares of the company's stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the transaction, the director now directly owns 50,997 shares of the company's stock, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock valued at $39,655,456 over the last three months. 32.03% of the stock is owned by corporate insiders.

DICK'S Sporting Goods Trading Down 2.9 %

Shares of DKS stock traded down $6.80 on Friday, hitting $224.70. 1,175,056 shares of the stock traded hands, compared to its average volume of 899,847. The firm's 50-day moving average price is $232.99 and its two-hundred day moving average price is $219.15. DICK'S Sporting Goods, Inc. has a twelve month low of $165.75 and a twelve month high of $254.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock has a market capitalization of $18.31 billion, a PE ratio of 16.06, a PEG ratio of 2.47 and a beta of 1.57.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the firm earned $2.85 earnings per share. The business's revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 31.45%.

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.