DICK’S Sporting Goods, Inc. (NYSE:DKS) Stake Raised by Todd Asset Management LLC

Todd Asset Management LLC increased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 129.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,050 shares of the sporting goods retailer’s stock after buying an additional 81,313 shares during the quarter. Todd Asset Management LLC’s holdings in DICK’S Sporting Goods were worth $21,168,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in DKS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of 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 acquiring an additional 140 shares during the period. Blue Trust Inc. increased its position in shares of DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock valued at $43,000 after purchasing an additional 206 shares during the period. Capital Analysts LLC raised its stake in shares of DICK’S Sporting Goods by 132.5% in the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after buying an additional 257 shares in the last quarter. Allworth Financial LP boosted its stake in DICK’S Sporting Goods by 2,505.3% during the fourth quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock valued at $73,000 after buying an additional 476 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in DICK’S Sporting Goods by 30.5% during the fourth quarter. Signaturefd LLC now owns 638 shares of the sporting goods retailer’s stock worth $94,000 after acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In related news, SVP Elizabeth H. Baran sold 2,175 shares of the firm’s stock in a transaction on 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 directly owns 11,051 shares in the company, valued at approximately $2,450,890.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 that occurred 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 sale, 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 accessible through this link. Also, Chairman Edward W. Stack sold 151,210 shares of the company’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 value of $33,406,825.30. Following the transaction, the chairman now owns 10,899,110 shares of the company’s stock, valued at $2,407,940,372.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 209,763 shares of company stock worth $46,483,438. 30.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DKS. TD Cowen lifted their price objective on shares of DICK’S Sporting Goods from $177.00 to $226.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Robert W. Baird lifted their target price on DICK’S Sporting Goods from $145.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Wedbush upped their target price on DICK’S Sporting Goods from $160.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Jefferies Financial Group began coverage on shares of DICK’S Sporting Goods in a research note on Friday, April 12th. They set a “hold” rating and a $211.00 price objective for the company. Finally, Barclays upped their price target on shares of DICK’S Sporting Goods from $194.00 to $239.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Hold” and an average price target of $208.64.

DICK’S Sporting Goods Stock Up 1.8 %

Shares of DICK’S Sporting Goods stock traded up $3.55 during midday trading on Friday, reaching $202.74. 692,819 shares of the company’s stock traded hands, compared to its average volume of 836,831. 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, Inc. has a 52 week low of $100.98 and a 52 week high of $225.79. The company’s 50 day simple moving average is $201.77 and its 200 day simple moving average is $159.52. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 2.41 and a beta of 1.61.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly 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. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.93 earnings per share. Equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend 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 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.