2,125 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,125 shares of the sporting goods retailer’s stock, valued at approximately $486,000.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in DICK’S Sporting Goods in the 3rd quarter worth $27,000. New Wave Wealth Advisors LLC bought a new position in DICK’S Sporting Goods in the 4th quarter worth $28,000. True Wealth Design LLC raised its holdings in DICK’S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after purchasing an additional 145 shares during the period. Sound Income Strategies LLC raised its holdings in DICK’S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 118 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in DICK’S Sporting Goods in the 3rd quarter worth $49,000. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Trading Down 1.6 %

Shares of NYSE DKS opened at $230.98 on Thursday. The business’s 50 day moving average is $232.71 and its two-hundred day moving average is $218.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK’S Sporting Goods, Inc. has a 1-year low of $165.31 and a 1-year high of $254.60. The stock has a market capitalization of $18.82 billion, a P/E ratio of 16.51, a PEG ratio of 2.55 and a beta of 1.57.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.85 earnings per share. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

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. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.90%. DICK’S Sporting Goods’s dividend payout ratio is 31.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Loop Capital increased their price target 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. TD Cowen increased their price target 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. Wedbush reiterated a “neutral” rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Finally, Morgan Stanley increased their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $248.09.

Insider Activity

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction that occurred on 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 approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is currently owned by insiders.

About DICK’S Sporting Goods

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.