Chase Investment Counsel Corp Acquires 900 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Chase Investment Counsel Corp increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 13.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,800 shares of the sporting goods retailer’s stock after purchasing an additional 900 shares during the quarter. Chase Investment Counsel Corp’s holdings in DICK’S Sporting Goods were worth $1,146,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. AE Wealth Management LLC increased its holdings in shares of DICK’S Sporting Goods by 16.9% during the third quarter. AE Wealth Management LLC now owns 2,352 shares of the sporting goods retailer’s stock worth $255,000 after purchasing an additional 340 shares during the period. DAVENPORT & Co LLC bought a new position in DICK’S Sporting Goods during the 3rd quarter worth $299,000. Golden State Equity Partners raised its holdings in DICK’S Sporting Goods by 14.6% in the 3rd quarter. Golden State Equity Partners now owns 3,082 shares of the sporting goods retailer’s stock valued at $335,000 after acquiring an additional 393 shares in the last quarter. Copeland Capital Management LLC raised its holdings in DICK’S Sporting Goods by 31,483.6% in the 3rd quarter. Copeland Capital Management LLC now owns 169,920 shares of the sporting goods retailer’s stock valued at $18,450,000 after acquiring an additional 169,382 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of DICK’S Sporting Goods by 7.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 36,661 shares of the sporting goods retailer’s stock valued at $3,981,000 after acquiring an additional 2,436 shares during the period. 89.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on DKS shares. Morgan Stanley boosted their price target on DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Oppenheimer upped their price target on shares of DICK’S Sporting Goods from $190.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Wedbush lifted their price objective on shares of DICK’S Sporting Goods from $160.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. DA Davidson upped their target price on 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. Finally, Barclays lifted their price target on DICK’S Sporting Goods from $194.00 to $239.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Hold” and an average target price of $208.64.

Insider Buying and Selling

In other DICK’S Sporting Goods news, 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 completion of the sale, the senior vice president now directly owns 11,051 shares in the company, valued at $2,450,890.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the sale, the senior vice president now owns 11,051 shares in the company, valued at $2,450,890.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Navdeep Gupta sold 16,211 shares of the company’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 completion of the transaction, the chief financial officer now owns 87,628 shares of the company’s stock, valued at $19,453,416. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,763 shares of company stock worth $46,483,438. Insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock traded down $3.40 on Monday, reaching $203.72. The stock had a trading volume of 309,582 shares, compared to its average volume of 1,155,604. The business’s 50 day moving average is $198.51 and its two-hundred day moving average is $156.96. 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 1 year low of $100.98 and a 1 year high of $225.79. The company has a market cap of $16.80 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 2.51 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last posted 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 net margin of 8.06% and a return on equity of 42.99%. The business had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the company posted $2.93 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued 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 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.