Greenleaf Trust Purchases New Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Greenleaf Trust acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,567 shares of the sporting goods retailer’s stock, valued at approximately $230,000.

Several other institutional investors have also modified their holdings of DKS. CWM LLC lifted its stake in shares of DICK’S Sporting Goods by 31.5% in the 3rd quarter. CWM LLC now owns 6,404 shares of the sporting goods retailer’s stock valued at $695,000 after purchasing an additional 1,533 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of DICK’S Sporting Goods by 16.9% in the 3rd quarter. AE Wealth Management LLC now owns 2,352 shares of the sporting goods retailer’s stock valued at $255,000 after purchasing an additional 340 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of DICK’S Sporting Goods by 116.1% in the 3rd quarter. Global Retirement Partners LLC now owns 1,662 shares of the sporting goods retailer’s stock valued at $174,000 after purchasing an additional 893 shares during the last quarter. DAVENPORT & Co LLC bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at approximately $299,000. Finally, Hennessy Advisors Inc. lifted its stake in shares of DICK’S Sporting Goods by 34.9% in the 3rd quarter. Hennessy Advisors Inc. now owns 157,600 shares of the sporting goods retailer’s stock valued at $17,112,000 after purchasing an additional 40,800 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Insider Transactions at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 151,210 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value 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 approximately $2,407,940,372.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of DICK’S Sporting Goods stock in a transaction dated 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 approximately $2,407,940,372.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 directly owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The disclosure for this sale can be found here. Insiders sold 209,763 shares of company stock valued at $46,483,438 in the last quarter. 30.79% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Trading Down 0.2 %

Shares of NYSE:DKS opened at $205.59 on Thursday. DICK’S Sporting Goods, Inc. has a 12-month low of $100.98 and a 12-month high of $225.79. The business’s fifty day simple moving average is $197.07 and its 200-day simple moving average is $155.22. The company has a market capitalization of $16.95 billion, a PE ratio of 16.88, a P/E/G ratio of 2.41 and a beta of 1.58. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.93 EPS. As a group, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share 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. Stockholders of record on Friday, March 29th were given a $1.10 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. 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 2.14%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.12%.

Analyst Ratings Changes

DKS has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on DICK’S Sporting Goods in a report on Friday, April 12th. They issued a “hold” rating and a $211.00 price target on the stock. Wells Fargo & Company increased their price target on DICK’S Sporting Goods from $175.00 to $210.00 and gave the stock an “equal weight” rating in a report on Friday, March 15th. Robert W. Baird raised their price objective on DICK’S Sporting Goods from $145.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Telsey Advisory Group raised their price objective on DICK’S Sporting Goods from $160.00 to $195.00 and gave the stock an “outperform” rating in a report on Monday, March 11th. Finally, Barclays raised their price objective on DICK’S Sporting Goods from $194.00 to $239.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Twelve 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, the company presently has an average rating of “Hold” and a consensus price target of $208.64.

DICK’S Sporting Goods 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.