Mercer Global Advisors Inc. ADV Has $643,000 Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Mercer Global Advisors Inc. ADV trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,345 shares of the sporting goods retailer’s stock after selling 388 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in DICK’S Sporting Goods were worth $643,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teza Capital Management LLC bought a new stake in shares of DICK’S Sporting Goods in the third quarter valued at about $222,000. Allianz Asset Management GmbH lifted its holdings in shares of DICK’S Sporting Goods by 12.8% in the third quarter. Allianz Asset Management GmbH now owns 58,582 shares of the sporting goods retailer’s stock valued at $6,130,000 after purchasing an additional 6,632 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in shares of DICK’S Sporting Goods by 0.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 20,558 shares of the sporting goods retailer’s stock valued at $2,473,000 after purchasing an additional 169 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of DICK’S Sporting Goods by 168.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 41,380 shares of the sporting goods retailer’s stock valued at $4,978,000 after purchasing an additional 25,972 shares in the last quarter. Finally, Eagle Strategies LLC bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at about $393,000. 75.08% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $126.67 on Friday. DICK’S Sporting Goods, Inc. has a 12 month low of $63.45 and a 12 month high of $152.61. The stock’s 50 day moving average is $141.20 and its 200-day moving average is $128.93. The company has a current ratio of 1.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 1.85 and a beta of 1.44.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last posted its earnings results on Tuesday, March 7th. The sporting goods retailer reported $2.93 EPS for the quarter, beating the consensus estimate of $2.86 by $0.07. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.45 billion. DICK’S Sporting Goods had a return on equity of 45.97% and a net margin of 8.43%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.64 earnings per share. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.5 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, March 16th. This represents a $4.00 dividend on an annualized basis and a yield of 3.16%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $0.49. DICK’S Sporting Goods’s dividend payout ratio is currently 37.14%.

Insider Buying and Selling

In related news, Director Anne Fink sold 3,174 shares of the stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $139.08, for a total transaction of $441,439.92. Following the sale, the director now owns 14,481 shares of the company’s stock, valued at $2,014,017.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Anne Fink sold 3,174 shares of the stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $139.08, for a total transaction of $441,439.92. Following the sale, the director now owns 14,481 shares of the company’s stock, valued at $2,014,017.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Julie Lodge-Jarrett sold 8,560 shares of the stock in a transaction that occurred on Tuesday, April 11th. The stock was sold at an average price of $140.00, for a total value of $1,198,400.00. Following the sale, the senior vice president now directly owns 30,712 shares in the company, valued at approximately $4,299,680. The disclosure for this sale can be found here. Insiders have sold 285,382 shares of company stock valued at $41,042,070 over the last 90 days. 30.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DKS has been the topic of a number of research reports. Stifel Nicolaus boosted their price target on DICK’S Sporting Goods from $112.00 to $157.00 and gave the company a “hold” rating in a report on Wednesday, March 8th. Loop Capital upped their target price on DICK’S Sporting Goods from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, March 9th. Morgan Stanley upped their target price on DICK’S Sporting Goods from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, March 8th. JPMorgan Chase & Co. upped their target price on DICK’S Sporting Goods from $125.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, March 8th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $165.00 target price on shares of DICK’S Sporting Goods in a report on Friday, March 17th. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $156.61.

About DICK’S Sporting Goods

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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.