Allegheny Financial Group LTD Acquires 1,564 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Allegheny Financial Group LTD increased its holding in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 35.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,915 shares of the sporting goods retailer after purchasing an additional 1,564 shares during the period. Allegheny Financial Group LTD’s holdings in DICK’S Sporting Goods were worth $712,000 at the end of the most recent quarter.

A number of other institutional investors have also recently changed their positions in the business. Godsey & Gibb Inc. acquired a new position in stock of DICK’S Sporting Goods valued at approximately $60,000 during the fourth quarter. Ronald Blue Trust Inc. increased its position in shares of DICK’S Sporting Goods by 761.9% during the fourth quarter. Ronald Blue Trust Inc. now owns 543 shares of the sporting goods retailer, valued at $57,000, having acquired an additional 480 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of DICK’S Sporting Goods by 26.0% during the third quarter. Cullen Frost Bankers Inc. now owns 630 shares of the sporting goods retailer, valued at $66,000, having purchased an additional 130 shares during the period. Quadrant Capital Group LLC increased its position in shares of DICK’S Sporting Goods by 479.8% in the third quarter. Quadrant Capital Group LLC now owns 690 shares of the sporting goods retailer, valued at $72,000, having purchased an additional 571 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new position in DICK’S Sporting Goods valued at approximately $87,000 during the fourth quarter. Institutional investors own 75.08% of the company’s shares.

DICK’S sporting goods retail increased by 0.1%

Shares of DKS stock rose $0.15 during trading hours on Friday to hit $141.06. The company had a trading volume of 111,346 shares compared to its average volume of 1,294,939. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-to-growth ratio of 1.94 and a beta of 1.44. DICK’s Sporting Goods, Inc. has a 52-week low of $63.45 and a 52-week high of $152.61. The company has a debt to equity ratio of 0.61, a current ratio of 1.88 and a quick ratio of 0.81. The company’s 50-day moving average is $141.02 and its 200-day moving average is $126.91.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly earnings data on Tuesday, March 7th. The sporting goods retailer reported earnings per share of $2.93 for the quarter, beating analysts’ 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 had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.45 billion. In the same period last year, the company posted $3.64 per share. The company’s quarterly revenue increased 7.3% compared to the same quarter last year. Research analysts expect Dick’s Sporting Goods, Inc. to report earnings per share of 13.5 for the current fiscal year.

DICK’S Sporting Goods increases dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record received a dividend of $1.00 on Friday, March 17th. That equates to a dividend of $4.00 on an annualized basis and a dividend yield of 2.84%. This is an increase from DICK’S Sporting Goods’ prior quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday March 16th. DICK’S Sporting Goods Dividend Payout Ratio (DPR) is 37.14%.

Insider activities at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 83,392 shares of the stock in one transaction on Monday, March 13. The shares were sold at an average price of $145.21 for a total transaction of $12,109,352.32. Upon completion of the sale, the Chief Executive Officer now owns 233,269 shares of the Company, valued at approximately $33,872,991.49. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. Also on Monday, March 13, CEO Lauren R. Hobart sold 83,392 shares of the company’s stock in a transaction. The shares sold at an average price of $145.21 for a total value of $12,109,352.32. Upon completion of the sale, the Chief Executive Officer now owns 233,269 shares of the Company, valued at approximately $33,872,991.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed at this hyperlink. In addition, 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 completion of the sale, the senior vice president now owns 30,712 shares of the company, valued at approximately $4,299,680. 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 ninety days. Insiders own 32.83% of the company’s shares.

Changes in analyst ratings

DKS has been the subject of several research reports. Barclays raised its price target for shares of DICK’S Sporting Goods to $174.00 from $139.00 and gave the company an overweight rating in a report on Wednesday, March 8th. UBS Group raised its price target for shares of DICK’S Sporting Goods from USD 120.00 to USD 130.00 and gave the stock a neutral rating in a report on Friday, January 6th. Williams Trading lowered shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating in a report Monday, February 13. Robert W. Baird raised his price target for shares of DICK’S Sporting Goods from $120.00 to $150.00 in a report on Tuesday, March 7th. Finally, DA Davidson raised its price target for shares of DICK’S Sporting Goods to $178.00 from $145.00 and gave the stock a “buy” 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. Based on data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of Moderate Buy and an average target price of $156.61.

DICK’S sporting goods profile

(get 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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