Russell Investments Group Ltd. Sells 5,017 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Russell Investments Group Ltd. lowered its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,986 shares of the sporting goods retailer’s stock after selling 5,017 shares during the quarter. Russell Investments Group Ltd.’s holdings in DICK’S Sporting Goods were worth $12,783,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DKS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in DICK’S Sporting Goods by 280.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after purchasing an additional 140 shares during the last quarter. Blue Trust Inc. boosted its position in shares of DICK’S Sporting Goods by 236.8% during the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after purchasing an additional 206 shares in the last quarter. Capital Analysts LLC boosted its position in shares of DICK’S Sporting Goods by 132.5% during the fourth quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after purchasing an additional 257 shares in the last quarter. Allworth Financial LP grew its holdings in shares of 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 valued at $73,000 after buying an additional 476 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of DICK’S Sporting Goods by 36.0% in the 3rd quarter. Fifth Third Bancorp now owns 688 shares of the sporting goods retailer’s stock valued at $75,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In related news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of DICK’S Sporting Goods stock in a transaction on Friday, March 15th. The stock was purchased at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the transaction, the insider now directly owns 8,818,615 shares in the company, 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. In related news, Chairman Edward W. Stack sold 151,210 shares of the business’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 directly owns 10,899,110 shares in the company, valued at approximately $2,407,940,372.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was purchased at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the acquisition, the insider now owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The disclosure for this purchase can be found here. In the last three months, insiders sold 209,763 shares of company stock worth $46,483,438. 30.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Morgan Stanley boosted their target price on DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. TD Cowen increased their target price on DICK’S Sporting Goods from $177.00 to $226.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. DA Davidson lifted 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 note on Friday, March 15th. Wells Fargo & Company increased 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 report on Friday, March 15th. Finally, Wedbush boosted their price objective on shares of 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. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $208.64.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $202.74 on Friday. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $201.77 and its 200 day simple moving average is $159.52. 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 cap of $16.72 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.41 and a beta of 1.61.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.93 EPS. On average, research analysts forecast 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 represents a $4.40 dividend on an annualized basis and a dividend yield of 2.17%. 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. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.12%.

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.