Blair William & Co. IL Grows Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Blair William & Co. IL boosted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 15.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,868 shares of the sporting goods retailer’s stock after acquiring an additional 2,822 shares during the period. Blair William & Co. IL’s holdings in DICK’S Sporting Goods were worth $4,775,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DKS. Wealthfront Advisers LLC purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $1,893,210,000. State Street Corp boosted its holdings in DICK’S Sporting Goods by 1.2% in the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock worth $473,945,000 after buying an additional 27,155 shares during the period. Charles Schwab Investment Management Inc. increased its stake in DICK’S Sporting Goods by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer’s stock worth $427,056,000 after buying an additional 77,357 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of DICK’S Sporting Goods by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock valued at $217,169,000 after acquiring an additional 10,640 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of DICK’S Sporting Goods by 5.1% during the fourth quarter. JPMorgan Chase & Co. now owns 652,838 shares of the sporting goods retailer’s stock worth $149,396,000 after purchasing an additional 31,919 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Robert W. Baird lowered their target price on shares of DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Loop Capital dropped their target price on shares of DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating for the company in a research report on Thursday, March 13th. Citigroup reiterated a “neutral” rating and issued a $220.00 price target (down from $230.00) on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $250.00 price objective on shares of DICK’S Sporting Goods in a report on Friday, March 14th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $245.50.

Insider Activity

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,933 shares of company stock valued at $39,655,456. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

DKS stock opened at $202.09 on Monday. The stock has a market cap of $16.47 billion, a PE ratio of 14.45, a P/E/G ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods, Inc. has a 12 month low of $182.84 and a 12 month high of $254.60. The company has a 50-day moving average price of $223.19 and a 200 day moving average price of $216.62. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.15. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the business earned $3.85 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $1.2125 per share. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a yield of 2.40%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 34.54%.

DICK’S Sporting Goods declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.