New York Life Investment Management LLC Takes $1.08 Million Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

New York Life Investment Management LLC purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,332 shares of the sporting goods retailer’s stock, valued at approximately $1,077,000.

A number of other large investors also recently modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in DICK’S Sporting Goods by 280.0% in the fourth 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 period. Blue Trust Inc. grew its position in shares of 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 worth $43,000 after buying an additional 206 shares during the period. Capital Analysts LLC increased its stake in shares of DICK’S Sporting Goods by 132.5% in the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock valued at $66,000 after acquiring an additional 257 shares during the last quarter. Allworth Financial LP raised its position 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 acquiring an additional 476 shares during the period. Finally, Fifth Third Bancorp boosted its stake in DICK’S Sporting Goods by 36.0% during the 3rd quarter. Fifth Third Bancorp now owns 688 shares of the sporting goods retailer’s stock worth $75,000 after acquiring an additional 182 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DKS has been the subject 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 for the company. The Goldman Sachs Group lifted their price objective on shares of DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a “buy” rating in a report on Friday, March 15th. Morgan Stanley boosted their price objective on shares of DICK’S Sporting Goods from $160.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Oppenheimer raised their target price on shares of DICK’S Sporting Goods from $190.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Finally, Wedbush boosted 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 report on Friday, March 15th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $208.64.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $220.93, for a total value of $33,406,825.30. Following the sale, the chairman now owns 10,899,110 shares in the company, valued at $2,407,940,372.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the company’s stock in a transaction dated 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 transaction, 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 available through the SEC website. Also, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $221.78, for a total value of $482,371.50. Following the sale, the senior vice president now directly owns 11,051 shares in the company, valued at $2,450,890.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,763 shares of company stock valued at $46,483,438. 32.03% of the stock is owned by insiders.

DICK’S Sporting Goods Stock Down 1.5 %

Shares of NYSE DKS opened at $202.62 on Wednesday. The stock has a market capitalization of $16.71 billion, a P/E ratio of 16.64, a PEG ratio of 2.46 and a beta of 1.61. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $225.79. The stock’s fifty day moving average is $202.88 and its 200 day moving average is $161.55.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results 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 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 firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.93 EPS. Sell-side 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 business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $1.10 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.12%.

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.