DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by First Bank & Trust

First Bank & Trust decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,224 shares of the sporting goods retailer’s stock after selling 194 shares during the quarter. First Bank & Trust’s holdings in DICK’S Sporting Goods were worth $738,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Holocene Advisors LP acquired a new stake in shares of DICK’S Sporting Goods during the third quarter worth $70,562,000. KBC Group NV lifted its position in DICK’S Sporting Goods by 887.3% during the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock worth $52,253,000 after buying an additional 225,015 shares during the period. International Assets Investment Management LLC boosted its stake in DICK’S Sporting Goods by 19,851.3% in the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock worth $43,512,000 after buying an additional 207,446 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in DICK’S Sporting Goods by 1,718.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock valued at $41,740,000 after buying an additional 189,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter valued at about $32,093,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on DKS shares. Telsey Advisory Group reaffirmed 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. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Morgan Stanley increased their target price on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Loop Capital boosted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Finally, Argus raised their price objective on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Eight investment 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $248.09.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $230.98 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm’s fifty day moving average price is $232.71 and its 200 day moving average price is $218.72. The company has a market capitalization of $18.82 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 2.55 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 12-month low of $165.31 and a 12-month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.85 earnings per share. On average, 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 firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 31.45%.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This trade represents a 12.57 % 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, Chairman Edward W. Stack sold 160,600 shares of the business’s 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 of the company’s stock, valued at $1,917,017,844. The trade was a 1.88 % 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. 32.03% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Company 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.