DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp lessened its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,334 shares of the sporting goods retailer’s stock after selling 2,866 shares during the quarter. Alaska Permanent Fund Corp’s holdings in DICK’S Sporting Goods were worth $2,106,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in DICK’S Sporting Goods by 9,735.6% in the third quarter. Victory Capital Management Inc. now owns 2,239,273 shares of the sporting goods retailer’s stock valued at $243,140,000 after purchasing an additional 2,216,506 shares during the period. AQR Capital Management LLC boosted its holdings in DICK’S Sporting Goods by 145.0% in the third quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock valued at $85,722,000 after purchasing an additional 467,243 shares during the period. Barclays PLC lifted its holdings in DICK’S Sporting Goods by 148.3% during 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. Wedge Capital Management L L P NC purchased a new stake in DICK’S Sporting Goods during the 4th quarter worth about $47,196,000. Finally, Invesco Ltd. lifted its holdings in DICK’S Sporting Goods by 230.0% during the 3rd quarter. Invesco Ltd. now owns 427,767 shares of the sporting goods retailer’s stock worth $46,447,000 after buying an additional 298,121 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DKS. The Goldman Sachs Group lifted their price target on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Jefferies Financial Group began coverage on DICK’S Sporting Goods in a report on Friday, April 12th. They set a “hold” rating and a $211.00 price target for the company. Wells Fargo & Company lifted their price target on DICK’S Sporting Goods from $175.00 to $210.00 and gave the stock an “equal weight” rating in a report on Friday, March 15th. UBS Group lifted their price target on DICK’S Sporting Goods from $142.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Finally, Barclays boosted their target price on DICK’S Sporting Goods from $194.00 to $239.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $208.64.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $203.96 on Friday. 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 business’s 50 day moving average is $197.75 and its two-hundred day moving average is $155.56. DICK’S Sporting Goods, Inc. has a 12-month low of $100.98 and a 12-month high of $225.79. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 2.49 and a beta of 1.58.

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. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the firm posted $2.93 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts expect that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current 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 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. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.16%. DICK’S Sporting Goods’s payout ratio is 36.12%.

Insider Transactions at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 151,210 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the sale, the chairman now owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Edward W. Stack sold 151,210 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the sale, the chairman now owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost 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 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 quarter. 30.79% of the stock is currently owned by corporate insiders.

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.