Robeco Institutional Asset Management B.V. Reduces Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Robeco Institutional Asset Management BV reduced its holding in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) shares by 5.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,408 shares of the sporting goods retailer after selling 813 shares during the quarter. Robeco Institutional Asset Management BV’s holdings in DICK’S Sporting Goods were worth $1,612,000 at the end of the most recent quarter.

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Several other hedge funds and other institutional investors have also been buying and selling DKS stock recently. CoreCap Advisors LLC acquired a new position in shares of DICK’S Sporting Goods valued at approximately $40,000 during the second quarter. Northern Oak Wealth Management Inc. acquired a new position in DICK’S Sporting Goods stock valued at approximately $51,000 during the second quarter. Cullen Frost Bankers Inc. increased its position in shares of 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 last quarter. 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, after acquiring an additional 571 shares last quarter. Finally, Point72 Hong Kong Ltd increased its position in shares of DICK’S Sporting Goods by 188.8% during the first quarter. Point72 Hong Kong Ltd now owns 797 shares of the sporting goods retailer, valued at $80,000, after acquiring a further 521 shares last quarter. 75.08% of the shares are currently owned by hedge funds and other institutional investors.

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 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 directly owns 233,269 shares of the Company, valued at $33,872,991.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC’s website. In related news, Chairman Edward W. Stack sold 159,461 shares of the company’s stock in a transaction that took place on Monday, March 13th. The shares were sold at an average price of $144.38 for a total transaction of $23,022,979.18. Following the transaction, the Chairman now owns 10,953,633 shares of the Company, valued at $1,581,485,532.54. The sale was disclosed in a legal filing with the SEC available at this hyperlink. In addition, CEO Lauren R. Hobart sold 83,392 shares of the company’s stock in a transaction that took place on Monday, March 13th. The shares were sold at an average price of $145.21 for a total transaction of $12,109,352.32. Following the transaction, the Chief Executive Officer now directly owns 233,269 shares of the Company, valued at approximately $33,872,991.49. The disclosure for this sale can be found here. 32.83% of the shares are currently owned by company insiders.

DICK’S Sporting Goods Stock Performance

DICK’s Sporting Goods stock opened at $146.64 on Wednesday. The company’s 50-day simple moving average is $132.70 and its 200-day simple moving average is $119.98. The company has a market cap of $11.61 billion, a P/E of 13.62, a price-to-earnings-to-growth ratio of 1.97 and a beta of 1.41. The company has a debt to equity ratio of 0.61, a current ratio of 1.88 and a quick ratio of 0.81. 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 of $2.93 for the quarter, beating the consensus estimate of $2.86 by $0.07. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.45 billion. DICK’S Sporting Goods had a net margin of 8.43% and a return on equity of 45.97%. The company’s quarterly revenue increased 7.3% compared to the same quarter last year. For the same period last year, the company posted earnings per share of $3.64. As a group, equity 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 is an increase from DICK’S Sporting Goods’ prior quarterly dividend of $0.49. This equates to an annualized dividend of $4.00 and a dividend yield of 2.73%. The ex-dividend date is Thursday March 16th. DICK’S Sporting Goods’ Dividend Payout Ratio (DPR) is currently 37.14%.

Wall Street analyst ponders

DKS has been the subject of several research reports. Goldman Sachs Group raised its target price on DICK’S Sporting Goods to $129.00 from $125.00 and gave the stock a “buy” rating in a research report on Monday, November 28. Oppenheimer raised its target price on DICK’S Sporting Goods to $175.00 from $138.00 and gave the stock an outperform rating in a report on Wednesday, March 8th. Gordon Haskett raised his target price on DICK’S Sporting Goods to $170.00 from $135.00 in a report on Tuesday, March 7th. Wells Fargo & Company increased its target price on DICK’S Sporting Goods to $120.00 from $103.00 in a report on Wednesday, November 23. Finally, Citigroup raised its target price on DICK’S Sporting Goods to $144.00 from $140.00 and gave the stock a “neutral” rating in a report on Wednesday, March 8th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target of $156.61.

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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