Mackenzie Financial Corp Purchases 1,367 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Mackenzie Financial Corp increased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 80,905 shares of the sporting goods retailer’s stock after purchasing an additional 1,367 shares during the period. Mackenzie Financial Corp’s holdings in DICK’S Sporting Goods were worth $11,889,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of DICK’S Sporting Goods in the second quarter valued at about $26,000. Fortis Capital Advisors LLC purchased a new position in DICK’S Sporting Goods during the 1st quarter valued at about $28,000. Blue Trust Inc. increased its holdings in DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock valued at $43,000 after purchasing an additional 206 shares during the period. UniSuper Management Pty Ltd bought a new position in DICK’S Sporting Goods during the 2nd quarter valued at approximately $53,000. Finally, Allworth Financial LP lifted its holdings in DICK’S Sporting Goods by 2,505.3% in the 4th quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock worth $73,000 after buying an additional 476 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, March 15th. UBS Group boosted their price objective on shares of DICK’S Sporting Goods from $142.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Williams Trading raised shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and raised their target price for the stock from $154.00 to $235.00 in a research report on Thursday, March 14th. DA Davidson boosted their price target on shares of DICK’S Sporting Goods from $183.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, Wedbush increased their price target on shares of DICK’S Sporting Goods from $160.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Hold” and a consensus price target of $208.64.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the purchase, the insider now directly owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the acquisition, the insider now directly owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Edward W. Stack sold 151,210 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the completion of the sale, the chairman now owns 10,899,110 shares of the company’s stock, valued at $2,407,940,372.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,763 shares of company stock worth $46,483,438. Insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $195.09 on Friday. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $225.79. The firm’s 50-day moving average is $194.84 and its 200 day moving average is $152.78. The stock has a market cap of $16.08 billion, a price-to-earnings ratio of 16.02, a PEG 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 issued its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the company earned $2.93 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently disclosed 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 was Wednesday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 2.26%. DICK’S Sporting Goods’s dividend payout ratio is 36.12%.

DICK’S Sporting Goods Company Profile

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.