Mitsubishi UFJ Trust & Banking Corp Grows Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,427 shares of the sporting goods retailer's stock after purchasing an additional 1,630 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of DICK'S Sporting Goods worth $19,091,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DKS. Greenleaf Trust lifted its position in DICK'S Sporting Goods by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer's stock valued at $394,000 after purchasing an additional 50 shares during the last quarter. Independent Advisor Alliance lifted 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. grew its position in DICK'S Sporting Goods by 2.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer's stock worth $577,000 after acquiring an additional 54 shares in the last quarter. Stonegate Investment Group LLC grew its position in DICK'S Sporting Goods by 2.9% in the fourth quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer's stock worth $473,000 after acquiring an additional 58 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in DICK'S Sporting Goods by 9.4% during the fourth quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer's stock worth $176,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

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DICK'S Sporting Goods Stock Up 2.5 %

NYSE:DKS traded up $4.94 during mid-day trading on Tuesday, reaching $206.50. The company's stock had a trading volume of 1,165,217 shares, compared to its average volume of 1,115,043. 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 firm has a market capitalization of $16.82 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The stock has a fifty day moving average of $222.12 and a 200-day moving average of $216.49. DICK'S Sporting Goods, Inc. has a 1 year low of $182.84 and a 1 year high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.15. The firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.76 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.85 EPS. Equities research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.35%. 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. DICK'S Sporting Goods's payout ratio is presently 34.54%.

Insider Transactions at DICK'S Sporting Goods

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DKS shares. DA Davidson lowered their price objective on DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Citigroup reaffirmed a "neutral" rating and set a $220.00 price objective (down from $230.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Robert W. Baird reduced their target price on shares of DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Telsey Advisory Group restated an "outperform" rating and issued a $250.00 target price on shares of DICK'S Sporting Goods in a report on Friday, March 14th. Finally, Wedbush reiterated a "neutral" rating and set 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 twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $245.50.

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.