J.W. Cole Advisors Inc. Sells 3,374 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

J.W. Cole Advisors Inc. trimmed its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 51.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,178 shares of the sporting goods retailer’s stock after selling 3,374 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in DICK’S Sporting Goods were worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. grew its position in shares of DICK’S Sporting Goods by 9,735.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,239,273 shares of the sporting goods retailer’s stock worth $243,140,000 after buying an additional 2,216,506 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of DICK’S Sporting Goods by 4.5% in the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after buying an additional 34,942 shares during the last quarter. AQR Capital Management LLC grew its position in shares of DICK’S Sporting Goods by 145.0% in the 3rd 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. Barclays PLC grew its position in shares of DICK’S Sporting Goods by 148.3% in the 3rd quarter. Barclays PLC now owns 592,991 shares of the sporting goods retailer’s stock worth $64,388,000 after buying an additional 354,217 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of DICK’S Sporting Goods by 4.4% in the 3rd quarter. Northern Trust Corp now owns 552,639 shares of the sporting goods retailer’s stock worth $60,006,000 after buying an additional 23,258 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 value of $482,371.50. Following the completion of the sale, the senior vice president now owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 value of $482,371.50. Following the completion of the sale, the senior vice president now owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 purchased at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the acquisition, the insider now directly 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 sold 209,763 shares of company stock valued at $46,483,438 over the last 90 days. Company insiders own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group lifted their price objective on DICK’S Sporting Goods from $160.00 to $195.00 and gave the stock an “outperform” rating in a research report on Monday, March 11th. Stifel Nicolaus raised their target price on DICK’S Sporting Goods from $126.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, March 15th. Gordon Haskett raised their target price on DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Robert W. Baird raised their target price on DICK’S Sporting Goods from $145.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Finally, DA Davidson raised their target price on 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. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Hold” and an average target price of $208.64.

DICK’S Sporting Goods Stock Up 3.7 %

DKS stock opened at $206.09 on Wednesday. DICK’S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year high of $225.79. The business has a fifty day moving average price of $196.30 and a 200-day moving average price of $154.86. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. The stock has a market capitalization of $16.99 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.36 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share 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 analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the business earned $2.93 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Equities 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 company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.13%. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s payout ratio is presently 36.12%.

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.