Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Acquires 15,525 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 281.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,032 shares of the sporting goods retailer's stock after buying an additional 15,525 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in DICK'S Sporting Goods were worth $5,182,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DKS. Holocene Advisors LP bought a new stake in DICK'S Sporting Goods in the 3rd quarter worth $70,562,000. KBC Group NV boosted its holdings 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 valued at $52,253,000 after acquiring an additional 225,015 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of DICK'S Sporting Goods by 19,851.3% during the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock valued at $43,512,000 after buying an additional 207,446 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of DICK'S Sporting Goods by 1,718.2% during the 3rd 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 acquiring an additional 189,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of DICK'S Sporting Goods during the third quarter valued at approximately $32,093,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DKS. TD Cowen raised their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley boosted their price objective on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Loop Capital upped their price objective on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $260.00 target price on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Finally, Argus lifted their price objective on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and an average target price of $248.09.

Insider Activity at DICK'S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods stock in a transaction dated Thursday, January 2nd. The stock was 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 owns 50,997 shares of the company's stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is owned by company insiders.

DICK'S Sporting Goods Stock Performance

Shares of NYSE:DKS traded down $2.59 during mid-day trading on Wednesday, reaching $241.40. 960,185 shares of the company traded hands, compared to its average volume of 1,033,428. DICK'S Sporting Goods, Inc. has a 52 week low of $160.31 and a 52 week high of $254.60. The firm has a market cap of $19.67 billion, a PE ratio of 17.26, a PEG ratio of 2.57 and a beta of 1.57. The company's 50 day moving average price is $230.53 and its 200-day moving average price is $217.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

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 EPS for the quarter, beating the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company's revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $2.85 EPS. On average, equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio is currently 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.