DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 56,559 shares of the sporting goods retailer’s stock after acquiring an additional 5,651 shares during the period. Raymond James & Associates’ holdings in DICK’S Sporting Goods were worth $6,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teza Capital Management LLC acquired a new position in shares of DICK’S Sporting Goods during the third quarter worth approximately $222,000. Allianz Asset Management GmbH boosted its position in shares of DICK’S Sporting Goods by 12.8% during the third quarter. Allianz Asset Management GmbH now owns 58,582 shares of the sporting goods retailer’s stock worth $6,130,000 after buying an additional 6,632 shares during the period. Signature Estate & Investment Advisors LLC raised its holdings in DICK’S Sporting Goods by 0.8% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 20,558 shares of the sporting goods retailer’s stock worth $2,473,000 after purchasing an additional 169 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in DICK’S Sporting Goods by 168.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 41,380 shares of the sporting goods retailer’s stock worth $4,978,000 after purchasing an additional 25,972 shares in the last quarter. Finally, Eagle Strategies LLC bought a new stake in DICK’S Sporting Goods during the fourth quarter worth approximately $393,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on DKS. Evercore ISI boosted their target price on DICK’S Sporting Goods from $160.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, March 8th. Gordon Haskett boosted their target price on DICK’S Sporting Goods from $135.00 to $170.00 in a report on Tuesday, March 7th. Cowen boosted their target price on DICK’S Sporting Goods from $155.00 to $166.00 in a report on Monday, February 6th. DA Davidson boosted their target price on DICK’S Sporting Goods from $145.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, March 8th. Finally, JPMorgan Chase & Co. boosted their target price on DICK’S Sporting Goods from $125.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, March 8th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.61.

Insider Activity

In other news, SVP Julie Lodge-Jarrett sold 8,560 shares of the business’s stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $140.00, for a total transaction of $1,198,400.00. Following the transaction, the senior vice president now directly owns 30,712 shares in the company, valued at approximately $4,299,680. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other DICK’S Sporting Goods news, SVP Julie Lodge-Jarrett sold 8,560 shares of the stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $140.00, for a total transaction of $1,198,400.00. Following the transaction, the senior vice president now directly owns 30,712 shares of the company’s stock, valued at $4,299,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Edward W. Stack sold 159,461 shares of the stock in a transaction on Monday, March 13th. The stock was 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 in the company, valued at $1,581,485,532.54. The disclosure for this sale can be found here. Insiders have sold a total of 285,382 shares of company stock worth $41,042,070 in the last ninety days. Corporate insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Trading Down 6.8 %

DICK’S Sporting Goods stock opened at $126.67 on Friday. The company’s fifty day simple moving average is $141.20 and its 200-day simple moving average is $128.93. The company has a quick ratio of 0.81, a current ratio of 1.88 and a debt-to-equity ratio of 0.61. DICK’S Sporting Goods, Inc. has a 12 month low of $63.45 and a 12 month high of $152.61. The stock has a market cap of $10.85 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.85 and a beta of 1.44.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last posted its quarterly earnings results on Tuesday, March 7th. The sporting goods retailer reported $2.93 EPS 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 business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the previous year, the company posted $3.64 EPS. DICK’S Sporting Goods’s revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.5 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were issued a dividend of $1.00 per share. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $0.49. This represents a $4.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Thursday, March 16th. DICK’S Sporting Goods’s payout ratio is currently 37.14%.

DICK’S Sporting Goods Company Profile

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Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.