2,640 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Bought by Empirical Finance LLC

Empirical Finance LLC bought a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,640 shares of the sporting goods retailer's stock, valued at approximately $604,000.

Several other hedge funds have also made changes to their positions in DKS. Holocene Advisors LP acquired a new position in DICK'S Sporting Goods in the third quarter worth about $70,562,000. KBC Group NV raised its position in DICK'S Sporting Goods by 887.3% in the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer's stock worth $52,253,000 after purchasing an additional 225,015 shares in the last quarter. International Assets Investment Management LLC raised its position in DICK'S Sporting Goods by 19,851.3% in the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock worth $43,512,000 after purchasing an additional 207,446 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in DICK'S Sporting Goods by 1,718.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer's stock worth $41,740,000 after purchasing an additional 189,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in DICK'S Sporting Goods in the third quarter worth about $32,093,000. Institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wedbush reissued a "neutral" rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Morgan Stanley increased 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 issued a $260.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Argus raised their price objective on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Finally, UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $248.09.

Insider Transactions at DICK'S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 over the last three months. 32.03% of the stock is currently owned by corporate insiders.

DICK'S Sporting Goods Trading Down 1.9 %

DKS stock traded down $4.63 during midday trading on Friday, reaching $237.98. The company's stock had a trading volume of 860,970 shares, compared to its average volume of 1,017,719. DICK'S Sporting Goods, Inc. has a 52 week low of $165.31 and a 52 week high of $254.60. The stock has a market cap of $19.39 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 2.57 and a beta of 1.57. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The business's 50-day simple moving average is $231.62 and its 200-day simple moving average is $218.09.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same period last year, the firm earned $2.85 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. As a group, sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.85%. DICK'S Sporting Goods's dividend payout ratio is 31.45%.

DICK'S Sporting Goods Company 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.