Chicago Capital LLC Sells 193 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Chicago Capital LLC decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,565 shares of the sporting goods retailer’s stock after selling 193 shares during the period. Chicago Capital LLC’s holdings in DICK’S Sporting Goods were worth $3,791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp raised its stake in DICK’S Sporting Goods by 1.2% during 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. raised its stake in shares of DICK’S Sporting Goods by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after purchasing an additional 57,672 shares during the last quarter. Geode Capital Management LLC raised its stake 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 worth $217,169,000 after purchasing an additional 10,640 shares during the last quarter. KBC Group NV raised its stake in shares of DICK’S Sporting Goods by 86.8% in the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer’s stock worth $107,043,000 after purchasing an additional 217,390 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of DICK’S Sporting Goods in the third quarter worth approximately $70,562,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 4.0 %

NYSE DKS opened at $240.11 on Monday. The stock’s 50-day simple moving average is $226.27 and its two-hundred day simple moving average is $216.01. DICK’S Sporting Goods, Inc. has a twelve month low of $148.95 and a twelve month high of $254.60. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $19.56 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 2.73 and a beta of 1.57.

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

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DKS. Wedbush reissued a “neutral” rating and issued a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. TD Cowen increased their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Loop Capital increased their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. 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. Finally, Morgan Stanley increased their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Eight investment 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 a consensus rating of “Moderate Buy” and an average target price of $248.09.

Insider Transactions at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. The trade was 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 worth $39,655,456. Insiders own 32.03% of the company’s stock.

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.