Natixis Advisors LLC Has $19.19 Million Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Natixis Advisors LLC increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 10.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,842 shares of the sporting goods retailer’s stock after buying an additional 7,976 shares during the period. Natixis Advisors LLC owned 0.10% of DICK’S Sporting Goods worth $19,186,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group bought a new position in DICK’S Sporting Goods during the third quarter worth $27,000. New Wave Wealth Advisors LLC bought a new position in DICK’S Sporting Goods during the fourth quarter worth $28,000. Rialto Wealth Management LLC bought a new position in DICK’S Sporting Goods during the fourth quarter worth $30,000. True Wealth Design LLC raised its stake in DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after buying an additional 145 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in DICK’S Sporting Goods by 590.0% during the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after buying an additional 118 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling 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 dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value 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. The trade was a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 transaction, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock worth $39,655,456 over the last three months. 32.03% of the stock is currently owned by insiders.

DICK’S Sporting Goods Stock Down 2.2 %

DICK’S Sporting Goods stock opened at $193.39 on Wednesday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $182.84 and a fifty-two week high of $254.60. The stock has a market cap of $15.76 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The firm’s 50-day simple moving average is $227.28 and its 200 day simple moving average is $217.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

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

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

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.51%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 28th. DICK’S Sporting Goods’s payout ratio is presently 34.54%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Loop Capital lowered 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 note on Thursday, March 13th. DA Davidson decreased their price target on shares of DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Wedbush reaffirmed a “neutral” rating and issued a $215.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Argus lifted their price target on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $220.00 price target (down from $230.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average target price of $245.50.

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.