1,756 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Acquired by Stevens Capital Management LP

Stevens Capital Management LP acquired a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,756 shares of the sporting goods retailer's stock, valued at approximately $402,000.

Other hedge funds have also modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in DICK'S Sporting Goods in the 4th quarter worth about $28,000. Brooklyn Investment Group acquired a new position in shares of DICK'S Sporting Goods during the 3rd quarter worth approximately $27,000. Rialto Wealth Management LLC acquired a new position in shares of DICK'S Sporting Goods during the 4th quarter worth approximately $30,000. Sound Income Strategies LLC lifted its position in shares of DICK'S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock valued at $32,000 after buying an additional 118 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings 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 acquiring an additional 145 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at DICK'S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the transaction, the chairman now owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods 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 completion of the transaction, the director now owns 50,997 shares of the company's stock, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by insiders.

Remove Ads

Analyst Ratings Changes

Several analysts have recently issued reports on DKS shares. Wedbush reiterated a "neutral" rating and issued a $215.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Morgan Stanley lifted their price objective on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Stifel Nicolaus reduced their target price on DICK'S Sporting Goods from $240.00 to $226.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Guggenheim reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday, March 14th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and an average price target of $245.50.

DICK'S Sporting Goods Trading Down 3.8 %

DKS stock traded down $8.00 during midday trading on Friday, hitting $202.09. 1,593,082 shares of the company's stock were exchanged, compared to its average volume of 1,113,852. DICK'S Sporting Goods, Inc. has a 1-year low of $182.84 and a 1-year high of $254.60. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $16.47 billion, a PE ratio of 14.45, a P/E/G ratio of 2.47 and a beta of 1.53. The business has a 50-day simple moving average of $223.19 and a two-hundred day simple moving average of $216.50.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.15. The business had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.85 EPS. On average, sell-side analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods declared that its board has initiated a share buyback plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management 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 paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 28th. DICK'S Sporting Goods's 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.