Van ECK Associates Corp Purchases 232 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Van ECK Associates Corp lifted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,818 shares of the sporting goods retailer’s stock after buying an additional 232 shares during the period. Van ECK Associates Corp’s holdings in DICK’S Sporting Goods were worth $1,296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Chase Investment Counsel Corp lifted its position in DICK’S Sporting Goods by 13.0% during the fourth quarter. Chase Investment Counsel Corp now owns 7,800 shares of the sporting goods retailer’s stock valued at $1,146,000 after purchasing an additional 900 shares during the period. Opinicus Capital Inc. bought a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $331,000. GAMMA Investing LLC bought a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $96,000. Linden Thomas Advisory Services LLC lifted its position in DICK’S Sporting Goods by 1.8% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,479 shares of the sporting goods retailer’s stock valued at $952,000 after purchasing an additional 113 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted 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 valued at $28,000 after purchasing an additional 140 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DKS. Barclays upped their target price on shares of DICK’S Sporting Goods from $194.00 to $239.00 and gave the company an “overweight” rating in a report on Monday, March 18th. DA Davidson increased their price objective on shares of DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. TD Cowen upped 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 research report on Thursday, March 14th. Williams Trading upgraded shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and upped their target price for the stock from $154.00 to $235.00 in a research report on Thursday, March 14th. Finally, Jefferies Financial Group assumed coverage on shares of DICK’S Sporting Goods in a research report on Friday, April 12th. They set a “hold” rating and a $211.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $208.64.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $198.07 on Friday. The firm has a 50-day moving average price of $203.66 and a 200-day moving average price of $162.04. The firm has a market capitalization of $16.33 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 2.46 and a beta of 1.61. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. DICK’S Sporting Goods, Inc. has a 12-month low of $100.98 and a 12-month high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.50. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $2.93 EPS. As a group, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.22%. The ex-dividend date was Wednesday, March 27th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.12%.

Insider Buying and Selling

In related news, SVP Elizabeth H. Baran sold 2,175 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $221.78, for a total value of $482,371.50. Following the transaction, the senior vice president now owns 11,051 shares of the company’s stock, valued at approximately $2,450,890.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the firm’s stock in a transaction dated 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 owns 11,051 shares of the company’s stock, valued at approximately $2,450,890.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were acquired at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the transaction, the insider now directly owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The disclosure for this purchase can be found here. Insiders have sold 209,763 shares of company stock valued at $46,483,438 in the last 90 days. Company 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.