Oder Investment Management LLC Buys 1,325 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Oder Investment Management LLC lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 23.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,870 shares of the sporting goods retailer’s stock after buying an additional 1,325 shares during the period. DICK’S Sporting Goods comprises 1.0% of Oder Investment Management LLC’s investment portfolio, making the stock its 27th largest position. Oder Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $1,010,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in DKS. Brighton Jones LLC raised its stake in DICK’S Sporting Goods by 12.0% in the fourth quarter. Brighton Jones LLC now owns 8,282 shares of the sporting goods retailer’s stock worth $1,217,000 after buying an additional 888 shares in the last quarter. Van ECK Associates Corp lifted its holdings in DICK’S Sporting Goods by 2.7% in the fourth quarter. Van ECK Associates Corp now owns 8,818 shares of the sporting goods retailer’s stock valued at $1,296,000 after acquiring an additional 232 shares during the period. Chase Investment Counsel Corp boosted its holdings in shares of DICK’S Sporting Goods by 13.0% in the fourth quarter. Chase Investment Counsel Corp now owns 7,800 shares of the sporting goods retailer’s stock worth $1,146,000 after buying an additional 900 shares during the last quarter. Opinicus Capital Inc. bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at $331,000. Finally, GAMMA Investing LLC bought a new stake in DICK’S Sporting Goods during the fourth quarter valued at about $96,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

DKS has been the topic of several recent analyst reports. Gordon Haskett raised their price objective on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Oppenheimer increased their target price on DICK’S Sporting Goods from $190.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group boosted their price objective on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Telsey Advisory Group increased their target price on shares of DICK’S Sporting Goods from $160.00 to $195.00 and gave the company an “outperform” rating in a research note on Monday, March 11th. Finally, Wells Fargo & Company increased 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. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Hold” and a consensus target price of $208.64.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS traded down $0.19 during mid-day trading on Wednesday, reaching $200.75. The company’s stock had a trading volume of 299,693 shares, compared to its average volume of 1,146,451. The stock has a 50-day moving average of $199.93 and a two-hundred day moving average of $158.32. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. The stock has a market capitalization of $16.55 billion, a P/E ratio of 16.41, a P/E/G ratio of 2.49 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year 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 for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.79 billion. During the same period last year, the company posted $2.93 EPS. The business’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current fiscal 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 given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Wednesday, March 27th. 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%.

Insider Activity at DICK’S Sporting Goods

In other news, SVP Elizabeth H. Baran sold 2,175 shares of the company’s 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 transaction, the senior vice president now owns 11,051 shares of the company’s stock, valued at approximately $2,450,890.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the completion of the sale, the chief executive officer now directly owns 280,136 shares in the company, valued at $62,736,457.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Elizabeth H. Baran sold 2,175 shares of the business’s 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 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 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.