DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 6.2% in the fourth quarter, the company said in its most recent SEC filing. The fund owned 29,872 shares of the sporting goods retailer after selling 1,983 shares during the quarter. Yousif Capital Management LLC’s interests in DICK’S Sporting Goods were valued at $3,593,000 at the time of the last SEC filing.

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Several other hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC acquired a new position in DICK’S Sporting Goods valued at approximately $237,000 during the third quarter. The Kentucky State Teachers Retirement System acquired a new position in DICK’S Sporting Goods valued at approximately $1,088,000 during the third quarter. M&T Bank Corp acquired a new position in DICK’S Sporting Goods valued at approximately $370,000 during the third quarter. Captrust Financial Advisors increased its position in DICK’S Sporting Goods by 13.2% in the third quarter. Captrust Financial Advisors now owns 5,421 shares of the sporting goods retailer, valued at $567,000, after purchasing an additional 631 shares last quarter. Finally, Balyasny Asset Management LLC increased its stake in DICK’S Sporting Goods by 6,908.1% during the third quarter. Balyasny Asset Management LLC now owns 1,244,493 shares of the sporting goods retailer valued at $130,224,000 after purchasing an additional 1,226,735 shares during the period. Institutional investors and hedge funds own 75.08% of the company’s shares.

Insider buying and selling

In related news, CEO Lauren R. Hobart sold 83,392 shares of the company’s stock in a transaction that took place on Monday, March 13th. The stock sold at an average price of $145.21 for a total transaction of $12,109,352.32. Upon completion of the transaction, 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 filing with the Securities & Exchange Commission available at this link. In related news, CEO Lauren R. Hobart sold 83,392 shares of the company’s stock in a transaction on Monday, March 13. The stock 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 directly owns 233,269 shares of the Company, valued at approximately $33,872,991.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, on Wednesday, December 21, EVP Vladimir Rak sold 29,144 shares of the company in one transaction. The shares sold at an average price of $112.43 for a total value of $3,276,659.92. Following the sale, the Executive Vice President now directly owns 48,260 shares of the Company, valued at $5,425,871.80. The disclosure for this sale can be found here. Insiders have sold 271,997 shares of the company’s stock valued at $38,408,991 over the past 90 days. 32.83% of the shares are owned by company insiders.

Analyst upgrades and downgrades

A number of equity analysts recently commented on the stock. Williams Trading lowered shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating in a research note on Monday, February 13. Morgan Stanley raised its price target on shares of DICK’S Sporting Goods to $175.00 from $165.00 and ranked the stock as “overweight” in a research note on Wednesday, March 8th. Barclays raised its target price on DICK’S Sporting Goods stock to $174.00 from $139.00 and ranked the stock “overweight” in a research note on Wednesday, March 8th. Telsey Advisory Group reiterated an outperform rating and price target of $165.00 on shares of DICK’S Sporting Goods in a research note on Friday. Finally, UBS Group raised its target price on shares of DICK’S Sporting Goods to $130.00 from $120.00, giving the stock a “neutral” rating in a research report on Friday, January 6. Ten equities research 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.61.

DICK’S sporting goods price history

NYSE DKS opened at $143.75 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.61. The company has a 50-day simple moving average of $132.70 and a 200-day simple moving average of $119.98. The company has a market cap of $11.39 billion, a P/E of 13.35, a P/E of 1.97, and a beta of 1.41. DICK’S Sporting Goods, Inc. has a 1 year low of $63.45 and a 1 year high of $152.61.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings data on Tuesday, March 7th. The sporting goods retailer reported earnings per share (EPS) of $2.93 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 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 earned $3.64 per share. Quarterly sales at DICK’S Sporting Goods increased 7.3% compared to the same quarter last year. On average, sell-side analysts are forecasting that DICK’s Sporting Goods, Inc. will post 13.51 EPS for the year to date.

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 equates to an annualized dividend of $4.00 and a dividend yield of 2.78%. The ex-dividend date is Thursday March 16th. This is an increase from DICK’S Sporting Goods’ prior quarterly dividend of $0.49. DICK’S Sporting Goods Dividend Payout Ratio (DPR) is 37.14%.

About DICK’S sporting goods

(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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