Cambridge Investment Research Advisors Inc. Sells 1,316 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Cambridge Investment Research Advisors Inc. lessened its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,244 shares of the sporting goods retailer’s stock after selling 1,316 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in DICK’S Sporting Goods were worth $2,975,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in DICK’S Sporting Goods in the 4th quarter valued at $108,908,000. AQR Capital Management LLC raised its holdings in DICK’S Sporting Goods by 145.0% during the third quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock worth $85,722,000 after buying an additional 467,243 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at $47,196,000. Invesco Ltd. grew its holdings in shares of DICK’S Sporting Goods by 230.0% during the third quarter. Invesco Ltd. now owns 427,767 shares of the sporting goods retailer’s stock valued at $46,447,000 after buying an additional 298,121 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of DICK’S Sporting Goods by 24,818.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 174,429 shares of the sporting goods retailer’s stock worth $18,940,000 after acquiring an additional 173,729 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the acquisition, the insider now owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction, 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 this link. Also, 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 shares were bought at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the transaction, the insider now owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The disclosure for this purchase can be found here. Insiders have sold a total of 209,763 shares of company stock valued at $46,483,438 over the last quarter. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $227.64 on Friday. The business’s 50 day simple moving average is $204.27 and its 200 day simple moving average is $172.45. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $229.56. The company has a market cap of $18.77 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 2.71 and a beta of 1.61. The company has a current ratio of 1.71, a quick ratio of 0.74 and a debt-to-equity ratio of 0.55.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last issued its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.40 EPS. Sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.72 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. DICK’S Sporting Goods’s payout ratio is 36.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Loop Capital lifted their price target on DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a research note on Monday, March 18th. Robert W. Baird lifted their target price on DICK’S Sporting Goods from $225.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday. UBS Group upped their price target on DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday. Gordon Haskett lifted 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 report on Monday, April 8th. Finally, Bank of America upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the stock from $225.00 to $240.00 in a research note on Wednesday. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $237.09.

Check Out Our Latest Stock Report on DICK’S Sporting Goods

DICK’S Sporting Goods Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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