Zurcher Kantonalbank Zurich Cantonalbank Sells 1,026 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.9% in the fourth quarter, Holdings Channel reports. The fund owned 11,919 shares of the sporting goods retailer’s stock after selling 1,026 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DICK’S Sporting Goods were worth $1,751,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Cobblestone Capital Advisors LLC NY lifted its holdings in shares of 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 acquiring an additional 100 shares during the last quarter. Oder Investment Management LLC lifted its stake in DICK’S Sporting Goods by 2.2% in the third quarter. Oder Investment Management LLC now owns 5,545 shares of the sporting goods retailer’s stock worth $602,000 after purchasing an additional 117 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in DICK’S Sporting Goods by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 32,511 shares of the sporting goods retailer’s stock worth $3,530,000 after purchasing an additional 146 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in DICK’S Sporting Goods by 3.5% in the third quarter. Teacher Retirement System of Texas now owns 4,853 shares of the sporting goods retailer’s stock worth $527,000 after purchasing an additional 162 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in DICK’S Sporting Goods by 1.0% in the third quarter. Arizona State Retirement System now owns 17,095 shares of the sporting goods retailer’s stock worth $1,856,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $221.78, for a total value of $482,371.50. Following the transaction, the senior vice president now directly owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the purchase, the insider now owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the sale, the senior vice president now owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,763 shares of company stock valued at $46,483,438. 30.79% of the stock is currently owned by insiders.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $205.59 on Thursday. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.41 and a beta of 1.58. The company’s 50 day moving average is $197.07 and its 200 day moving average is $155.22. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data 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 net margin of 8.06% and a return on equity of 42.99%. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the company posted $2.93 earnings per share. DICK’S Sporting Goods’s revenue was up 7.8% compared to the same quarter last year. On average, 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 company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $1.10 dividend. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 2.14%. The ex-dividend date was Wednesday, March 27th. DICK’S Sporting Goods’s payout ratio is currently 36.12%.

Analysts Set New Price Targets

DKS has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Gordon Haskett raised their price objective on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Wells Fargo & Company raised their price objective on shares of DICK’S Sporting Goods from $175.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Friday, March 15th. Barclays raised their price objective on shares of DICK’S Sporting Goods from $194.00 to $239.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. Finally, Evercore ISI raised their target price on shares of 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. 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 currently 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.