DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 192,100 shares of the sporting goods retailer’s stock after selling 9,500 shares during the period. Swiss National Bank owned about 0.24% of DICK’S Sporting Goods worth $28,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in DICK’S Sporting Goods by 280.0% during 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 in the last quarter. Blue Trust Inc. boosted its position in shares of DICK’S Sporting Goods by 236.8% in 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 in the last quarter. Capital Analysts LLC grew its stake in 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 increased its holdings in DICK’S Sporting Goods by 2,505.3% during 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 in the last quarter. Finally, Fifth Third Bancorp raised its position in DICK’S Sporting Goods by 36.0% during the third 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 Ratings Changes

A number of brokerages have recently weighed in on DKS. Williams Trading raised shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and raised their price objective for the stock from $154.00 to $235.00 in a research note on Thursday, March 14th. DA Davidson increased their price objective 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. Barclays raised their target price on shares of DICK’S Sporting Goods from $194.00 to $239.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Wells Fargo & Company upped their price objective on shares of DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, March 15th. Finally, Wedbush increased their target price 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 given a buy rating to the company. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Hold” and an average price target of $208.64.

DICK’S Sporting Goods Price Performance

DKS stock opened at $196.15 on Thursday. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $225.79. The firm has a 50-day moving average of $203.26 and a two-hundred day moving average of $161.79. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $16.17 billion, a PE ratio of 16.10, a P/E/G ratio of 2.46 and a beta of 1.61.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data 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. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.93 EPS. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s payout ratio is 36.12%.

Insider Transactions at DICK’S Sporting Goods

In related news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the purchase, the insider now owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the purchase, the insider now directly owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Navdeep Gupta sold 16,211 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $222.00, for a total value of $3,598,842.00. Following the sale, the chief financial officer now directly owns 87,628 shares of the company’s stock, valued at $19,453,416. The disclosure for this sale can be found here. Insiders sold 209,763 shares of company stock valued at $46,483,438 over the last three months. 30.79% of the stock is owned by corporate insiders.

About DICK’S Sporting Goods

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.