Sanctuary Advisors LLC Raises Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Sanctuary Advisors LLC raised its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 49,506 shares of the sporting goods retailer's stock after purchasing an additional 1,142 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.06% of DICK'S Sporting Goods worth $12,378,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Greenleaf Trust grew its stake 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 worth $394,000 after purchasing an additional 50 shares during the period. CIBC Asset Management Inc grew its position in shares of DICK'S Sporting Goods by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock worth $675,000 after buying an additional 54 shares during the period. Stonegate Investment Group LLC grew its position in shares of 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 buying an additional 58 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in DICK'S Sporting Goods by 3.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer's stock worth $470,000 after purchasing an additional 70 shares during the period. Finally, SeaCrest Wealth Management LLC grew its holdings in DICK'S Sporting Goods by 4.8% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,765 shares of the sporting goods retailer's stock worth $404,000 after purchasing an additional 81 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DKS has been the subject of several research reports. UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their target price for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Loop Capital raised their price objective on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Argus lifted their price target on shares of 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. Finally, Morgan Stanley lifted their price target on shares of 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. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and a consensus target price of $248.09.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction dated 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 completion of the transaction, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The sale 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 transaction 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 $11,808,355.35. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,933 shares of company stock valued at $39,655,456. Company insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Stock Performance

DKS stock traded down $6.80 during midday trading on Friday, hitting $224.70. The company's stock had a trading volume of 1,175,056 shares, compared to its average volume of 899,847. The stock's 50-day moving average price is $232.99 and its 200 day moving average price is $219.15. 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 1 year low of $165.75 and a 1 year high of $254.60. The stock has a market cap of $18.31 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 2.47 and a beta of 1.57.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. The company 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 firm's quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.85 EPS. On average, equities analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.96%. DICK'S Sporting Goods's payout ratio is 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.