Nilsine Partners LLC Buys 1,732 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Nilsine Partners LLC grew its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,746 shares of the sporting goods retailer’s stock after purchasing an additional 1,732 shares during the quarter. Nilsine Partners LLC’s holdings in DICK’S Sporting Goods were worth $4,748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DKS. Lebenthal Global Advisors LLC increased its stake in DICK’S Sporting Goods by 11.5% in the 4th quarter. Lebenthal Global Advisors LLC now owns 4,898 shares of the sporting goods retailer’s stock valued at $1,121,000 after buying an additional 507 shares during the last quarter. KBC Group NV increased its position in shares of DICK’S Sporting Goods by 86.8% during the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer’s stock valued at $107,043,000 after acquiring an additional 217,390 shares during the last quarter. Blue Trust Inc. lifted its holdings in DICK’S Sporting Goods by 47.6% during the fourth quarter. Blue Trust Inc. now owns 1,473 shares of the sporting goods retailer’s stock worth $307,000 after acquiring an additional 475 shares during the period. PFG Investments LLC purchased a new position in DICK’S Sporting Goods in the fourth quarter worth $224,000. Finally, First Citizens Bank & Trust Co. grew its stake in DICK’S Sporting Goods by 15.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,205 shares of the sporting goods retailer’s stock valued at $505,000 after purchasing an additional 298 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

DKS has been the topic of several research reports. TD Cowen boosted their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Wedbush restated a “neutral” rating and set a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price target for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Loop Capital raised their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.57.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $246.34 on Tuesday. DICK’S Sporting Goods, Inc. has a 12-month low of $148.95 and a 12-month high of $254.60. The firm has a 50 day moving average of $222.66 and a 200 day moving average of $215.25. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 2.69 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $2.85 earnings per share. On average, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.79%. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s 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 sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock valued at $39,655,456 over the last 90 days. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Profile

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.