DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Holdings Reduced by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS – get rating) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). . The institutional investor owned 22,026 shares of the sporting goods retailer after selling 1,181 shares during the quarter. Commonwealth Equity Services LLC’s shares in DICK’S Sporting Goods were valued at $2,649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares in the company. LPL Financial LLC increased its stake in DICK’S Sporting Goods by 15.8% in the fourth quarter. LPL Financial LLC now owns 28,591 shares of the sporting goods retailer, valued at $3,439,000, after purchasing an additional 3,907 shares last quarter. MTM Investment Management LLC purchased a new interest in DICK’S Sporting Goods valued at approximately $224,000 during the fourth quarter. NewSquare Capital LLC purchased a new interest in DICK’S Sporting Goods valued at approximately $440,000 during the fourth quarter. Robeco Institutional Asset Management BV increased its stake in DICK’S Sporting Goods shares by 168.6% in the fourth quarter. Robeco Institutional Asset Management BV now owns 41,380 shares of the sporting goods retailer, valued at $4,978,000, after purchasing a further 25,972 shares last quarter. Finally, Burney Co. increased its stake in DICK’S Sporting Goods by 1.3% during the fourth quarter. Burney Co. now owns 84,634 shares of the sporting goods retailer, valued at $10,181,000, after purchasing an additional 1,116 shares last quarter. Hedge funds and other institutional investors own 75.08% of the company’s shares.

Insider activity at DICK’S Sporting Goods

In related news, CFO Navdeep Gupta sold 19,203 shares of the company’s shares in a transaction on Friday, March 24. The stock sold at an average price of $138.14 for a total transaction of $2,652,702.42. Following the closing of the sale, the Chief Financial Officer now directly owns 104,884 shares of the Company’s stock valued at approximately $14,488,675.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news from DICK’S Sporting Goods, SVP John Edward Hayes III sold 6,592 shares of the stock in a transaction on Friday, March 24th. The stock sold at an average price of $138.00 for a total value of $909,696.00. Following the transaction, the senior vice president now directly owns 21,965 shares of the company, valued at approximately $3,031,170. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this link. Also, on Friday, March 24, CFO Navdeep Gupta sold 19,203 shares of the stock. The shares sold at an average price of $138.14 for a total value of $2,652,702.42. Following the closing of the transaction, the Chief Financial Officer now owns 104,884 shares of the Company, valued at $14,488,675.76. 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. Company insiders own 32.83% of the company’s shares.

Wall Street analysts are weighing

DKS has been the subject of several recent analyst reports. Gordon Haskett raised his target price on DICK’S Sporting Goods from $135.00 to $170.00 in a research note on Tuesday, March 7th. The Telsey Advisory Group reiterated its Outperform rating and a price target of $165.00 for DICK’S Sporting Goods shares in a research note on Friday, March 17th. Jefferies Financial Group began reporting on DICK’S Sporting Goods in a research note on Tuesday, March 14. They put a “hold” rating on the company and a price target of $155.00. JPMorgan Chase & Co. raised its target price on DICK’S Sporting Goods to $148.00 from $125.00, giving the stock a neutral rating in a research note on Wednesday, March 8th. Finally, in a research note on Monday, February 6, Cowen raised his price target on DICK’S Sporting Goods to $166.00 from $155.00. Ten research analysts have rated the stock with a hold rating and fourteen have given it a buy rating. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $156.61.

DICK’S Sporting Goods Trading up 0.5%

Shares of DKS opened at $140.00 on Monday. DICK’S Sporting Goods, Inc. has a 1 year low of $63.45 and a 1 year high of $152.61. The company has a current ratio of 1.88, a short-term ratio of 0.81 and a leverage ratio of 0.61. The stock has a 50-day simple moving average of $142.33 and a 200-day simple moving average of $128.36. The stock has a market cap of $11.99 billion, a P/E of 13.00, a PEG ratio of 1.93, and a beta of 1.44.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last released its earnings results on Tuesday, March 7th. The sporting goods retailer reported earnings per share (EPS) of $2.93 for the quarter, beating analysts’ consensus estimate of $2.86 by $0.07. DICK’S Sporting Goods achieved a return on equity of 45.97% and a net margin of 8.43%. The company made $3.60 billion in revenue for the quarter, compared to analysts’ expectations of $3.45 billion. In the same period last year, the company posted earnings per share of $3.64. 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 earnings per share of 13.5 for the current fiscal year.

DICK’S Sporting Goods increases dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17 were paid a dividend of $1.00 per share. That equates to a dividend of $4.00 on an annualized basis and a yield of 2.86%. This is an increase from DICK’S Sporting Goods’ previous 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 currently 37.14%.

DICK’S sporting goods profile

(get rating)

Dick’s Sporting Goods, Inc. is engaged in the retailing of an extensive line of authentic athletic equipment, apparel, footwear and accessories. In addition, the company offers its products both online and via mobile applications. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

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