DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by LSV Asset Management

LSV Asset Management lessened its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,299,692 shares of the sporting goods retailer’s stock after selling 24,600 shares during the quarter. LSV Asset Management owned 1.59% of DICK’S Sporting Goods worth $190,990,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in DICK’S Sporting Goods by 1,305.5% during the 4th quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock worth $870,000 after purchasing an additional 5,496 shares in the last quarter. First Hawaiian Bank purchased a new stake in DICK’S Sporting Goods during the fourth quarter valued at about $695,000. Pacer Advisors Inc. increased its stake in DICK’S Sporting Goods by 4.5% during the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after acquiring an additional 34,942 shares during the last quarter. Amalgamated Bank raised its holdings in shares of DICK’S Sporting Goods by 20.2% in the 3rd quarter. Amalgamated Bank now owns 47,899 shares of the sporting goods retailer’s stock worth $5,201,000 after purchasing an additional 8,061 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of DICK’S Sporting Goods by 4.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock valued at $342,984,000 after purchasing an additional 94,745 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DKS. Jefferies Financial Group started 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 price target on the stock. Robert W. Baird raised their price objective on DICK’S Sporting Goods from $145.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. The Goldman Sachs Group upped their target price on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Barclays raised 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. Finally, Morgan Stanley upped their price target on DICK’S Sporting Goods from $160.00 to $235.00 and gave the stock an “overweight” rating in a 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 stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Hold” and a consensus target price of $208.64.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the sale, the chairman now directly 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 DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total value of $8,995,399.65. Following the transaction, the chief executive officer now owns 280,136 shares in the company, valued at $62,736,457.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Edward W. Stack sold 151,210 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $220.93, for a total value 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 disclosure for this sale can be found here. Insiders sold 209,763 shares of company stock valued at $46,483,438 over the last 90 days. 30.79% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock traded up $3.55 during trading on Friday, hitting $202.74. 692,819 shares of the stock were exchanged, compared to its average volume of 836,831. The stock has a market cap of $16.72 billion, a PE ratio of 16.64, a P/E/G ratio of 2.41 and a beta of 1.61. The stock’s fifty day moving average is $201.77 and its 200 day moving average is $159.52. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $225.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating 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 company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the business earned $2.93 earnings per share. DICK’S Sporting Goods’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $1.10 per share. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, March 27th. DICK’S Sporting Goods’s payout ratio is currently 36.12%.

DICK’S Sporting Goods 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.