DICK’S Sporting Goods, Inc. (NYSE:DKS) Position Reduced by Zurcher Kantonalbank Zurich Cantonalbank

Zurich Cantonal Bank Zurich Cantonal Bank reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 17.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,811 shares of the sporting goods retailer after selling 1,841 shares during the quarter. Zürcher Kantonalbank Zürcher Kantonalbank’s holdings in DICK’S Sporting Goods were worth $922,000 at the end of the most recent quarter.

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A number of other major investors have also recently changed their holdings in DKS. B. Riley Wealth Management Inc. acquired a new interest in shares of DICK’S Sporting Goods valued at approximately $20,734,000 during the second quarter. CoreCap Advisors LLC acquired a new position in DICK’S Sporting Goods valued at approximately $40,000 during the second quarter. Cullen Frost Bankers Inc. increased its holding in DICK’S Sporting Goods by 26.0% in the third quarter. Cullen Frost Bankers Inc. now owns 630 shares of the sporting goods retailer, valued at $66,000, after purchasing an additional 130 shares during the period. Northern Oak Wealth Management Inc. acquired a new position in DICK’S Sporting Goods valued at approximately $51,000 during the second quarter. Finally, Financial Gravity Asset Management Inc. increased its holding in DICK’S Sporting Goods by 40.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 735 shares of the sporting goods retailer, valued at $347,000, after purchasing an additional 210 shares during the period. 75.08% of the shares are currently owned by institutional investors.

Insider buying and selling

In other news from DICK’S Sporting Goods, EVP Vladimir Rak sold 29,144 shares of DICK’S Sporting Goods in one transaction on Wednesday, December 21st. The shares sold at an average price of $112.43 for a total transaction of $3,276,659.92. Following the sale, the Executive Vice President now owns 48,260 shares of the Company, valued at $5,425,871.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news from DICK’S Sporting Goods, EVP Vladimir Rak sold 29,144 shares of DICK’S Sporting Goods in one transaction on Wednesday, December 21st. The shares sold at an average price of $112.43 for a total transaction of $3,276,659.92. Following the sale, the Executive Vice President now owns 48,260 shares of the Company, valued at $5,425,871.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also on Friday, December 9, SVP John Edward Hayes III sold 1,000 shares of the company’s shares in a transaction. The shares sold at an average price of $120.57 for a total transaction of $120,570.00. Following the closing of the sale, the senior vice president now owns 26,231 shares of the company, valued at approximately $3,162,671.67. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 39,283 shares of the company’s shares for $4,475,632. 32.83% of the shares are owned by company insiders.

DICK’S sporting goods retail down 1.1%

NYSE:DKS opened at $130.01 on Friday. DICK’S Sporting Goods, Inc. has a 12-month low of $63.45 and a 12-month high of $138.43. The company has a market cap of $10.30 billion, a price-to-earnings ratio of 11.47, a price-to-earnings ratio of 2.16 and a beta of 1.40. The company has a quick ratio of 0.59, a current ratio of 1.81 and a debt to equity ratio of 0.69. The company’s 50-day moving average is $123.76 and its 200-day moving average is $114.85.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its earnings results on Tuesday, November 22nd. The sporting goods retailer reported earnings per share (EPS) of $2.60 for the quarter, beating analyst consensus estimates of $2.24 by $0.36. DICK’S Sporting Goods had a net margin of 9.52% and a return on equity of 52.43%. The company had revenue of $2.96 billion in the quarter, compared to analyst estimates of $2.70 billion. Equity analysts expect DICK’S Sporting Goods, Inc. to post 11.96 EPS for the year to date.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record received a dividend of $0.488 per share on Friday, December 9th. That equates to an annual dividend of $1.95 and a yield of 1.50%. The ex-dividend date was Thursday 8th December. DICK’S Sporting Goods’ Dividend Payout Ratio (DPR) is currently 17.21%.

Wall Street analysts forecast growth

Several equity analysts have commented on the stock. Citigroup increased its price target on DICK’S Sporting Goods from $136.00 to $143.00 and announced the company on Wednesday, April 23. Morgan Stanley increased its price target on DICK’S Sporting Goods from $135.00 to 165. $00 and ranked the company “overweight” in a research note on Monday, January 9th. Stephens raised his target price on shares of DICK’S Sporting Goods to $121.00 in a research report on Friday, November 25. UBS Group has raised its price target for shares of DICK’S Sporting Goods from $120.00 to $130.00 and gave the company a neutral rating in a research report on Friday, January 6th. Finally, Oppenheimer upgraded shares of DICK’S Sporting Goods to an outperform rating from a market perform rating and set a price target of $138.00 for the company in a research report on Thursday, October. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.05.

DICK’S sporting goods 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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