Fort Washington Investment Advisors Inc. OH Acquires New Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Fort Washington Investment Advisors Inc. OH bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,404 shares of the sporting goods retailer’s stock, valued at approximately $206,000.

Other large investors have also made changes to their positions in the company. Quarry LP bought a new position in DICK’S Sporting Goods in the second quarter worth approximately $26,000. Fortis Capital Advisors LLC purchased a new position in shares of DICK’S Sporting Goods during the 1st quarter valued at about $28,000. UniSuper Management Pty Ltd bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter valued at approximately $53,000. Money Concepts Capital Corp raised its stake in DICK’S Sporting Goods by 176.8% during the 4th quarter. Money Concepts Capital Corp now owns 562 shares of the sporting goods retailer’s stock worth $68,000 after acquiring an additional 359 shares during the period. Finally, Fifth Third Bancorp raised its position 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 valued at $75,000 after purchasing an additional 182 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DKS has been the subject of a number of analyst reports. Morgan Stanley increased their price target on DICK’S Sporting Goods from $160.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Loop Capital lifted their target price 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. Wells Fargo & Company upped their price target on 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. 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 research report on Friday, March 15th. Finally, 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. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $205.95.

DICK’S Sporting Goods Trading Up 1.9 %

DKS stock opened at $222.64 on Thursday. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $224.72. The stock has a market capitalization of $18.20 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 2.63 and a beta of 1.55. 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’s fifty day simple moving average is $176.32 and its two-hundred day simple moving average is $141.43.

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 analysts’ consensus estimates 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 firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the company earned $2.93 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.43 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be paid a dividend of $1.10 per share. This is a positive change 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 1.98%. The ex-dividend date of this dividend is Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 32.84%.

Insider Activity at DICK’S Sporting Goods

In other news, 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 completion of the sale, the senior vice president now directly owns 11,051 shares in the company, valued at $2,450,890.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Navdeep Gupta sold 16,211 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $222.00, for a total value of $3,598,842.00. Following the completion of the sale, the chief financial officer now owns 87,628 shares in the company, valued at approximately $19,453,416. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $221.78, for a total transaction of $482,371.50. Following the transaction, 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. Insiders sold a total of 209,763 shares of company stock worth $46,483,438 in the last quarter. 30.79% of the stock is owned by company insiders.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.