State of Alaska Department of Revenue Has $1.51 Million Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

State of Alaska Department of Revenue lessened its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,599 shares of the sporting goods retailer’s stock after selling 170 shares during the quarter. State of Alaska Department of Revenue’s holdings in DICK’S Sporting Goods were worth $1,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DKS. Valeo Financial Advisors LLC grew its position in shares of DICK’S Sporting Goods by 10.9% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,120 shares of the sporting goods retailer’s stock worth $234,000 after purchasing an additional 110 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of DICK’S Sporting Goods by 103.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,680 shares of the sporting goods retailer’s stock worth $351,000 after acquiring an additional 855 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $30,000. ORG Partners LLC boosted its position in shares of DICK’S Sporting Goods by 37.0% during the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after acquiring an additional 54 shares in the last quarter. Finally, Transform Wealth LLC boosted its position in shares of DICK’S Sporting Goods by 61.8% during the 3rd quarter. Transform Wealth LLC now owns 11,310 shares of the sporting goods retailer’s stock worth $2,372,000 after acquiring an additional 4,319 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

DKS has been the topic of several analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Loop Capital increased their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Argus increased their price target on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Wedbush reiterated a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus target price of $248.09.

Insiders Place Their Bets

In related news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,933 shares of company stock valued at $39,655,456. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Down 1.1 %

Shares of NYSE DKS opened at $241.40 on Thursday. The stock has a market capitalization of $19.67 billion, a P/E ratio of 17.26, a P/E/G ratio of 2.57 and a beta of 1.57. The company has a 50-day moving average price of $230.53 and a 200-day moving average price of $217.71. DICK’S Sporting Goods, Inc. has a 1 year low of $160.31 and a 1 year high of $254.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the company earned $2.85 earnings per share. The business’s revenue was up .5% on a year-over-year basis. On average, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is 31.45%.

About DICK’S Sporting Goods

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.