Swiss National Bank Sells 8,600 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Swiss National Bank reduced its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 163,400 shares of the sporting goods retailer's stock after selling 8,600 shares during the quarter. Swiss National Bank owned 0.20% of DICK'S Sporting Goods worth $37,392,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Assetmark Inc. boosted its stake in DICK'S Sporting Goods by 20.7% in the third quarter. Assetmark Inc. now owns 1,831 shares of the sporting goods retailer's stock valued at $382,000 after buying an additional 314 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in DICK'S Sporting Goods by 12.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 143,056 shares of the sporting goods retailer's stock valued at $29,856,000 after buying an additional 15,591 shares in the last quarter. Victory Capital Management Inc. boosted its stake in DICK'S Sporting Goods by 99.1% in the third quarter. Victory Capital Management Inc. now owns 124,119 shares of the sporting goods retailer's stock valued at $25,904,000 after buying an additional 61,767 shares in the last quarter. CIBC Asset Management Inc boosted its stake in DICK'S Sporting Goods by 1.7% in the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after buying an additional 54 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in DICK'S Sporting Goods by 32.8% in the third quarter. Empowered Funds LLC now owns 27,784 shares of the sporting goods retailer's stock valued at $5,799,000 after buying an additional 6,865 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts have recently commented on the company. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. TD Cowen lifted their price target on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Wedbush reissued a "neutral" rating and set a $215.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Robert W. Baird cut their price target on 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. Finally, Stifel Nicolaus cut their price target on DICK'S Sporting Goods from $240.00 to $226.00 and set a "hold" rating on the stock in a research note on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $245.50.

DICK'S Sporting Goods Price Performance

Shares of DKS traded down $6.87 during midday trading on Thursday, reaching $191.25. The stock had a trading volume of 1,472,763 shares, compared to its average volume of 1,083,869. The company's 50-day moving average is $226.60 and its 200 day moving average is $217.31. DICK'S Sporting Goods, Inc. has a 12-month low of $182.84 and a 12-month 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 company has a market capitalization of $15.58 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same period in the prior year, the business earned $3.85 EPS. The company's revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $1.2125 per share. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.54%. DICK'S Sporting Goods's dividend payout ratio is currently 34.54%.

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

Insider Activity 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 completion of the sale, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The sale 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 dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now owns 50,997 shares of the company's stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock worth $39,655,456 in the last ninety days. 32.03% of the stock is owned by company insiders.

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.