Capital Analysts LLC Has $66,000 Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Capital Analysts LLC boosted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 132.5% in the fourth quarter, HoldingsChannel reports. The firm owned 451 shares of the sporting goods retailer’s stock after acquiring an additional 257 shares during the period. Capital Analysts LLC’s holdings in DICK’S Sporting Goods were worth $66,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DKS. Atlas Capital Advisors LLC boosted its position in DICK’S Sporting Goods by 4.8% in the 1st quarter. Atlas Capital Advisors LLC now owns 1,733 shares of the sporting goods retailer’s stock valued at $246,000 after buying an additional 79 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in DICK’S Sporting Goods by 0.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,871 shares of the sporting goods retailer’s stock valued at $2,098,000 after buying an additional 79 shares during the last quarter. Cetera Advisors LLC boosted its position in DICK’S Sporting Goods by 3.2% in the 4th quarter. Cetera Advisors LLC now owns 3,197 shares of the sporting goods retailer’s stock valued at $385,000 after buying an additional 99 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in DICK’S Sporting Goods by 1.2% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 8,546 shares of the sporting goods retailer’s stock valued at $928,000 after buying an additional 100 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in DICK’S Sporting Goods by 10.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,038 shares of the sporting goods retailer’s stock valued at $125,000 after buying an additional 100 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 40,167 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $223.95, for a total value of $8,995,399.65. Following the sale, the chief executive officer now owns 280,136 shares of the company’s stock, valued at $62,736,457.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the transaction, the insider now owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lauren R. Hobart sold 40,167 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $223.95, for a total value of $8,995,399.65. Following the completion of the sale, the chief executive officer now directly owns 280,136 shares in the company, valued at approximately $62,736,457.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,763 shares of company stock valued at $46,483,438. 30.79% of the stock is owned by insiders.

DICK’S Sporting Goods Stock Performance

DKS opened at $195.09 on Friday. The business’s 50-day moving average price is $194.84 and its two-hundred day moving average price is $152.78. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $225.79. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 2.39 and a beta of 1.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the business posted $2.93 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.26%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s payout ratio is currently 36.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DKS. Wedbush increased their price objective on DICK’S Sporting Goods from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Evercore ISI raised their price target on DICK’S Sporting Goods from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Loop Capital raised their price target on DICK’S Sporting Goods from $150.00 to $220.00 and gave the stock a “hold” rating in a research report on Monday, March 18th. Telsey Advisory Group raised their price target on DICK’S Sporting Goods from $160.00 to $195.00 and gave the stock an “outperform” rating in a research report on Monday, March 11th. Finally, Oppenheimer raised their price target on DICK’S Sporting Goods from $190.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $208.64.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.