Tredje AP fonden Cuts Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Tredje AP fonden decreased its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,635 shares of the sporting goods retailer's stock after selling 4,634 shares during the period. Tredje AP fonden's holdings in DICK'S Sporting Goods were worth $1,061,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in DICK'S Sporting Goods during the third quarter valued at $27,000. New Wave Wealth Advisors LLC purchased a new stake in DICK'S Sporting Goods during the fourth quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new stake in DICK'S Sporting Goods during the fourth quarter valued at about $30,000. True Wealth Design LLC raised its position in DICK'S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in DICK'S Sporting Goods by 590.0% during the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock valued at $32,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Trading Up 2.7 %

DKS traded up $5.17 during midday trading on Wednesday, reaching $198.42. 1,289,022 shares of the company's stock traded hands, compared to its average volume of 1,081,620. The firm has a fifty day moving average of $227.28 and a two-hundred day moving average of $217.45. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 2.47 and a beta of 1.53. 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, Inc. has a 52 week low of $182.84 and a 52 week high of $254.60.

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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 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.15. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK'S Sporting Goods's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.85 EPS. On average, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $1.2125 per share. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.44%. DICK'S Sporting Goods's dividend payout ratio is 34.54%.

DICK'S Sporting Goods announced that its board has authorized a stock repurchase program on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of research reports. Telsey Advisory Group restated an "outperform" rating and set a $250.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, March 14th. DA Davidson lowered their price target on DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Loop Capital lowered their price target on DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a research report on Thursday, March 13th. TD Cowen raised their price target 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. Finally, Argus raised their price target on 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. 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.com, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and an average price target of $245.50.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction that occurred on 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 in the company, 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 the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 50,997 shares in the company, 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 quarter, insiders have sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company's stock.

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.