Vinva Investment Management Ltd Sells 3,108 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Vinva Investment Management Ltd cut its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 47.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,434 shares of the sporting goods retailer's stock after selling 3,108 shares during the quarter. Vinva Investment Management Ltd's holdings in DICK'S Sporting Goods were worth $796,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. New Wave Wealth Advisors LLC purchased a new stake in DICK'S Sporting Goods in the 4th quarter worth $28,000. Brooklyn Investment Group purchased a new stake in shares of DICK'S Sporting Goods during the third quarter worth about $27,000. Rialto Wealth Management LLC bought a new stake in DICK'S Sporting Goods during the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC lifted its holdings in DICK'S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after purchasing an additional 118 shares in the last quarter. Finally, True Wealth Design LLC boosted its stake in DICK'S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock worth $31,000 after purchasing an additional 145 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was 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 in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now owns 8,362,128 shares of the company's stock, valued at $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 sold a total of 172,933 shares of company stock valued at $39,655,456 in the last three months. Company insiders own 32.03% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup reiterated a "neutral" rating and set a $220.00 price objective (down previously from $230.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. TD Cowen lifted their price target on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Wedbush reissued a "neutral" rating and set a $215.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Robert W. Baird reduced their target price on DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $250.00 price target on shares of DICK'S Sporting Goods in a report on Friday, March 14th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and an average price target of $245.50.

DICK'S Sporting Goods Trading Up 1.2 %

Shares of DKS traded up $2.41 during mid-day trading on Tuesday, reaching $207.97. 1,267,621 shares of the company's stock traded hands, compared to its average volume of 1,088,909. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock's 50-day moving average is $224.69 and its two-hundred day moving average is $216.65. DICK'S Sporting Goods, Inc. has a 12 month low of $182.84 and a 12 month high of $254.60. The stock has a market cap of $16.94 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.47 and a beta of 1.53.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating the consensus estimate of $3.47 by $0.15. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $3.85 EPS. DICK'S Sporting Goods's quarterly revenue was up .5% on a year-over-year basis. Research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods announced that its board has authorized a stock repurchase plan on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $1.2125 per share. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a yield of 2.33%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.54%.

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.