Brinker Capital Investments LLC Sells 18,661 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Brinker Capital Investments LLC reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) stock by 55.9% in the fourth quarter, the company said in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,724 shares of the sporting goods retailer after selling 18,661 shares during the quarter. Brinker Capital Investments LLC’s holdings in DICK’S Sporting Goods were worth $1,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have recently added to or reduced their stakes in DKS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in DICK’S Sporting Goods by 7.2% during the first quarter. The Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,056 shares of the sporting goods retailer, valued at $2,306,000, after purchasing an additional 1,541 shares during the period. Great West Life Assurance Co. Can increased its position in DICK’S Sporting Goods by 14.5% in the first quarter. Great West Life Assurance Co. Can now owns 40,257 shares of the sporting goods retailer, valued at $4,161,000, after purchasing an additional 5,111 shares during the period. Yousif Capital Management LLC increased its stake in DICK’S Sporting Goods by 0.6% during the first quarter. Yousif Capital Management LLC now owns 36,694 shares of the sporting goods retailer, valued at $3,670,000, after purchasing an additional 217 shares last quarter. Sei Investments Co. increased its holding in DICK’S Sporting Goods by 20.3% during the first quarter. Sei Investments Co. now owns 30,737 shares of the sporting goods retailer, valued at $3,160,000, after purchasing an additional 5,182 shares during the period. Finally, the Canada Pension Plan Investment Board increased its stake in DICK’S Sporting Goods by 34.4% during the first quarter. The Canada Pension Plan Investment Board now owns 2,047 shares of the sporting goods retailer, valued at $204,000, after buying another 524 shares last quarter. 75.08% of the shares are currently held by institutional investors.

Insider Transactions at DICK’S Sporting Goods

In related news, SVP Julie Lodge-Jarrett sold 8,560 shares of the company’s stock in a transaction on Tuesday, April 11th. The stock sold at an average price of $140.00 for a total value of $1,198,400.00. Upon completion of the sale, the senior vice president now owns 30,712 shares of the company, valued at $4,299,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, SVP Julie Lodge-Jarrett sold 8,560 shares of the company’s stock in a transaction on Tuesday, April 11th. The stock sold at an average price of $140.00 for a total transaction of $1,198,400.00. Upon closing of the transaction, the senior vice president now directly owns 30,712 shares of the company valued at approximately $4,299,680. The transaction was disclosed in a filing with the Securities & Exchange Commission available at this link. In addition, Director Anne Fink sold 3,174 shares of the stock in a transaction that took place on Thursday, April 6th. The shares sold at an average price of $139.08 for a total transaction of $441,439.92. Upon completion of the sale, the Director now owns 14,481 shares of the Company, valued at $2,014,017.48. The disclosure for this sale can be found here. Insiders have sold 285,382 shares of the company’s shares worth $41,042,070 over the past three months. Insiders own 32.83% of the company’s shares.

Wall Street analyst ponders

DKS has been the subject of several recent research reports. StockNews.com reported Thursday, March 16th in a research report on shares of DICK’S Sporting Goods. You give the stock a “hold” rating. The Telsey Advisory Group reiterated a rating of “outperform” and a price target of $165.00 on shares of DICK’S Sporting Goods in a research note on Friday, March 17. JPMorgan Chase & Co. increased its target price on DICK’S Sporting Goods to $148.00 from $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 8. Bank of America raised its target price on DICK’S Sporting Goods to $170.00 from $145.00 and gave the company a buy rating in a research report on Wednesday, March 8th. Finally, Barclays raised its price target on DICK’S Sporting Goods to $174.00 from $139.00 and gave the company an overweight rating in a report on Wednesday, March 8th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $156.61.

DICK’S sporting goods price history

Shares of DKS stock opened at $141.76 on Tuesday. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.97 and a beta of 1.44. DICK’S Sporting Goods, Inc. has a 12-month low of $63.45 and a 12-month high of $152.61. The company has a quick ratio of 0.81, a current ratio of 1.88 and a debt to equity ratio of 0.61. The stock has a 50-day moving average price of $140.27 and a 200-day moving average price of $126.47.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last reported its quarterly results on Tuesday, March 7th. The sporting goods retailer reported $2.93 EPS for the quarter, beating the consensus estimate of $2.86 by $0.07. DICK’S Sporting Goods had a net margin of 8.43% and a return on equity of 45.97%. The company made $3.60 billion in revenue for the quarter, compared to analysts’ expectations of $3.45 billion. In the same quarter last year, the company earned $3.64 per share. DICK’S Sporting Goods sales increased 7.3% year over year. Research analysts expect DICK’s Sporting Goods, Inc. to post 13.5 EPS for the year to date.

DICK’S Sporting Goods increases dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17 received a dividend of $1.00. This is a positive change from DICK’S Sporting Goods’ prior quarterly dividend of $0.49. This equates to an annualized dividend of $4.00 and a dividend yield of 2.82%. The ex-dividend date was Thursday March 16th. DICK’S Sporting Goods’ Dividend Payout Ratio (DPR) is currently 37.14%.

About DICK’S sporting goods

(received rating)

Dick’s Sporting Goods, Inc retails an extensive line of authentic sports equipment, apparel, footwear and accessories. It also offers its products online and through mobile applications. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

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