Coldstream Capital Management Inc. Takes Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Coldstream Capital Management Inc. acquired a new interest in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The company bought 9,329 shares of the sporting goods retailer for approximately $1,122,000.

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A number of other major investors have also changed their stakes in DKS. Symmetry Partners LLC increased its stake in DICK’S Sporting Goods by 1.1% during the third quarter. Symmetry Partners LLC now owns 8,648 shares of the sporting goods retailer, valued at $905,000, after purchasing an additional 92 shares last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its holding in DICK’S Sporting Goods by 0.5% in the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 23,629 shares of the sporting goods retailer, valued at $2,473,000, after purchasing an additional 106 shares last quarter. Cullen Frost Bankers Inc. increased its holding 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, after buying another 130 shares last quarter. Foster & Motley Inc. increased its holding in shares of DICK’S Sporting Goods by 0.3% in the third quarter. Foster & Motley Inc. now owns 48,668 shares of the sporting goods retailer, valued at $5,093,000, after buying another 154 shares last quarter. Finally, Beaumont Financial Partners LLC increased its holding in shares of DICK’S Sporting Goods by 0.7% during the third quarter. Beaumont Financial Partners LLC now owns 27,587 shares of the sporting goods retailer, valued at $2,887,000, after purchasing an additional 182 shares last quarter. Institutional investors and hedge funds own 75.08% of the company’s shares.

DICK’S Sporting Goods Stock Performance

NYSE DKS shares opened at $144.66 on Friday. 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 market cap of $11.46 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 2.00, and a beta of 1.41. The stock’s 50-day simple moving average is $132.39 and its 200-day simple moving average is $119.56. DICK’S Sporting Goods, Inc. has a 52-week low of $63.45 and a 52-week high of $152.61.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last reported its earnings results on Tuesday, March 7th. The sporting goods retailer reported earnings per share (EPS) of $2.93 for the quarter, beating analyst consensus estimates of $2.86 by $0.07. The company made $3.60 billion in revenue for the quarter, compared to analysts’ expectations of $3.45 billion. DICK’S Sporting Goods had a return on equity of 45.97% and a net margin of 8.43%. The company’s quarterly revenue rose 7.3% year over year. In the same period last year, the company posted $3.64 per share. As a group, sell-side analysts are forecasting that DICK’s Sporting Goods, Inc. will report fiscal year-to-date earnings per share of 13.51.

DICK’S Sporting Goods increases dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17 will receive a dividend of $1.00 per share. This is an increase from DICK’S Sporting Goods’ prior quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday March 16th. That equates to an annual dividend of $4.00 and a yield of 2.77%. DICK’S Sporting Goods’ Dividend Payout Ratio (DPR) is currently 18.11%.

Analysts set new price targets

Several analysts have recently issued reports on DKS stock. Loop Capital increased its target price on DICK’S Sporting Goods to $150.00 from $130.00 and gave the stock a “hold” rating in a report on Thursday, March 9th. StockNews.com began reporting on DICK’S Sporting Goods in a report Thursday. They gave the stock a “hold” rating. Bank of America raised its target price on DICK’S Sporting Goods to $170.00 from $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 8th. Telsey Advisory Group reiterated an outperform rating and a $165.00 target price on shares of DICK’S Sporting Goods in a research report on Friday. Finally, Williams Trading downgraded DICK’s Sporting Goods from a “buy” rating to a “hold” rating in a research report on Monday, February 13th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $156.61.

Insider activities at DICK’S Sporting Goods

In other news from DICK’S Sporting Goods, Chairman Edward W. Stack sold 159,461 shares of the company’s stock in a transaction dated Monday, March 13th. The stock sold at an average price of $144.38 for a total transaction of $23,022,979.18. Following the transaction, the Chairman now directly owns 10,953,633 shares of the Company, valued at $1,581,485,532.54. The transaction was disclosed in a filing with the SEC available at this link. In other news from DICK’S Sporting Goods, Chairman Edward W. Stack sold 159,461 shares of the company’s stock in a transaction on Monday, March 13th. The stock sold at an average price of $144.38 for a total transaction of $23,022,979.18. Following the transaction, the Chairman now directly owns 10,953,633 shares of the Company, valued at $1,581,485,532.54. The transaction was disclosed in a filing with the SEC available at this link. Also, CEO Lauren R. Hobart sold 83,392 shares of the company’s stock in a transaction on Monday, March 13. The shares sold at an average price of $145.21 for a total value of $12,109,352.32. Following the transaction, the Chief Executive Officer now owns 233,269 shares of the Company, valued at $33,872,991.49. The disclosure for this sale can be found here. Over the past 90 days, insiders sold 271,997 shares of the company’s stock valued at $38,408,991. Insiders own 32.83% of the company’s shares.

DICK’S Sporting Goods Company Profile

(received rating)

Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

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