Landscape Capital Management L.L.C. Trims Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Landscape Capital Management L.L.C. lowered its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 84.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,318 shares of the sporting goods retailer's stock after selling 13,026 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in DICK'S Sporting Goods were worth $530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DKS. Greenleaf Trust raised its stake in shares of DICK'S Sporting Goods by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer's stock worth $394,000 after purchasing an additional 50 shares during the last quarter. Independent Advisor Alliance boosted its holdings in shares of DICK'S Sporting Goods by 5.4% in the 4th quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock valued at $235,000 after acquiring an additional 53 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of DICK'S Sporting Goods by 2.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer's stock worth $577,000 after purchasing an additional 54 shares during the last quarter. Stonegate Investment Group LLC grew its position in DICK'S Sporting Goods by 2.9% during the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer's stock worth $473,000 after purchasing an additional 58 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of DICK'S Sporting Goods by 9.4% during the 4th quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer's stock valued at $176,000 after buying an additional 66 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at DICK'S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 32.03% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DKS. Argus lifted their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Citigroup reiterated a "neutral" rating and issued a $220.00 target price (down from $230.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Loop Capital cut their price objective on shares of DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating for the company in a report on Thursday, March 13th. Morgan Stanley raised their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Finally, Wedbush reaffirmed a "neutral" rating and issued a $215.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $242.95.

DICK'S Sporting Goods Trading Down 4.8 %

Shares of DKS traded down $9.07 during trading on Friday, reaching $180.95. 497,433 shares of the company traded hands, compared to its average volume of 1,149,225. The stock has a 50-day simple moving average of $211.78 and a 200-day simple moving average of $214.78. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The stock has a market cap of $14.45 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $3.76 billion. During the same quarter in the previous year, the company earned $3.85 earnings per share. The firm's quarterly revenue was up .5% compared to the same quarter last year. On average, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods announced that its board has initiated a share repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to buy up to 18.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

DICK'S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $1.2125 per share. The ex-dividend date is Friday, March 28th. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 dividend on an annualized basis and a yield of 2.68%. DICK'S Sporting Goods's dividend payout ratio is 34.54%.

About DICK'S Sporting Goods

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.