DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd cut its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 56.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,100 shares of the sporting goods retailer's stock after selling 1,448 shares during the period. UniSuper Management Pty Ltd's holdings in DICK'S Sporting Goods were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of DKS. New Wave Wealth Advisors LLC bought a new stake in DICK'S Sporting Goods in the fourth quarter worth about $28,000. Rialto Wealth Management LLC bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at about $30,000. True Wealth Design LLC lifted its holdings 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 worth $31,000 after buying an additional 145 shares during the period. Sound Income Strategies LLC grew its stake in DICK'S Sporting Goods by 590.0% in 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 during the last quarter. Finally, Promus Capital LLC purchased a new position in shares of DICK'S Sporting Goods in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Trading Down 1.3 %

Shares of DKS traded down $2.34 during trading on Friday, reaching $182.63. 3,464,057 shares of the company traded hands, compared to its average volume of 1,132,468. The stock has a 50-day simple moving average of $219.03 and a 200-day simple moving average of $216.03. The stock has a market cap of $14.88 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. DICK'S Sporting Goods, Inc. has a twelve month low of $168.22 and a twelve month high of $254.60. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

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DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the company earned $3.85 earnings per share. The firm's quarterly revenue was up .5% compared to the same quarter last year. On average, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Increases Dividend

The company 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. This represents a $4.85 dividend on an annualized basis and a yield of 2.66%. This is a boost 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 dividend payout ratio (DPR) is 34.54%.

DICK'S Sporting Goods announced that its board has initiated a share repurchase plan 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 buy up to 18.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on DKS shares. Guggenheim reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. DA Davidson decreased their price objective on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Loop Capital dropped their target price on shares of 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. Telsey Advisory Group reissued an "outperform" rating and set a $250.00 price objective on shares of DICK'S Sporting Goods in a report on Friday, March 14th. Finally, Citigroup reaffirmed a "neutral" rating and set a $220.00 price target (down previously from $230.00) on shares of DICK'S Sporting Goods in a research report 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $245.50.

Insiders Place Their Bets

In related news, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction that occurred on 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 sale, the chairman now directly owns 8,362,128 shares of the company's stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm'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 directly owns 16,504 shares of the company's stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. 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.