Zuckerman Investment Group LLC Trims Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Zuckerman Investment Group LLC lessened its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,764 shares of the sporting goods retailer's stock after selling 11,890 shares during the quarter. DICK'S Sporting Goods comprises 2.9% of Zuckerman Investment Group LLC's portfolio, making the stock its 8th largest position. Zuckerman Investment Group LLC owned approximately 0.15% of DICK'S Sporting Goods worth $29,365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new position in DICK'S Sporting Goods during the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new position in shares of DICK'S Sporting Goods in the 4th quarter worth about $30,000. Sound Income Strategies LLC boosted its stake in DICK'S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after purchasing an additional 118 shares in the last quarter. Bessemer Group Inc. grew its position in DICK'S Sporting Goods by 108.6% during the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock valued at $33,000 after purchasing an additional 76 shares during the last quarter. Finally, Promus Capital LLC purchased a new position in DICK'S Sporting Goods in the fourth quarter worth about $48,000. Institutional investors own 89.83% of the company's stock.

Insider Buying and Selling

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the sale, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 32.03% of the stock is owned by insiders.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird reduced their price target on shares of DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Morgan Stanley lifted their target price 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 lowered their price target on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a report on Thursday. Guggenheim reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Argus upped their target price on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and a consensus target price of $244.72.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded down $0.78 during midday trading on Monday, hitting $185.15. The stock had a trading volume of 1,369,508 shares, compared to its average volume of 1,156,969. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a market capitalization of $14.79 billion, a PE ratio of 13.23, a P/E/G ratio of 2.47 and a beta of 1.32. The firm's fifty day moving average is $210.74 and its two-hundred day moving average is $214.56.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating the consensus estimate of $3.47 by $0.15. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company's revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $3.85 EPS. On average, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

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

DICK'S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.62%. The ex-dividend date was Friday, March 28th. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio (DPR) 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.