Strs Ohio Cuts Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Strs Ohio trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 43.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,158 shares of the sporting goods retailer’s stock after selling 4,741 shares during the quarter. Strs Ohio’s holdings in DICK’S Sporting Goods were worth $904,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew 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 valued at $43,000 after purchasing an additional 206 shares in the last quarter. Allworth Financial LP increased its stake in 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 worth $73,000 after acquiring an additional 476 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of 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 in the last quarter. Byrne Asset Management LLC boosted its position in shares of DICK’S Sporting Goods by 40.9% during the 3rd quarter. Byrne Asset Management LLC now owns 775 shares of the sporting goods retailer’s stock valued at $84,000 after acquiring an additional 225 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of DICK’S Sporting Goods by 166.7% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 800 shares of the sporting goods retailer’s stock valued at $85,000 after purchasing an additional 500 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $205.59 on Thursday. 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. 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. 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 released its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the previous year, the company posted $2.93 EPS. The business’s revenue for the quarter 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. Stockholders of record on Friday, March 29th were issued a $1.10 dividend. This is a boost 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 2.14%. The ex-dividend date of this dividend was Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.12%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DKS shares. TD Cowen boosted their target price on shares of DICK’S Sporting Goods from $177.00 to $226.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Loop Capital lifted their target price on DICK’S Sporting Goods from $150.00 to $220.00 and gave the stock a “hold” rating in a report on Monday, March 18th. Oppenheimer boosted their target price on 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. Robert W. Baird raised their price target on DICK’S Sporting Goods from $145.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Finally, Stifel Nicolaus boosted their price objective on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods has an average rating of “Hold” and a consensus target price of $208.64.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of DICK’S Sporting Goods stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total value of $8,995,399.65. Following the transaction, the chief executive officer now directly owns 280,136 shares of the company’s stock, valued at $62,736,457.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total value of $8,995,399.65. Following the completion of the transaction, the chief executive officer now directly owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $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 in the last 90 days. Insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Company 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.