DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. lifted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 26.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,242 shares of the sporting goods retailer’s stock after purchasing an additional 1,089 shares during the period. Navellier & Associates Inc.’s holdings in DICK’S Sporting Goods were worth $1,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DKS. New Wave Wealth Advisors LLC acquired a new position in DICK’S Sporting Goods during the fourth quarter valued at $28,000. Brooklyn Investment Group acquired a new position in DICK’S Sporting Goods during the third quarter valued at $27,000. Sound Income Strategies LLC raised its position 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 valued at $32,000 after buying an additional 118 shares during the period. True Wealth Design LLC raised its position 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 valued at $31,000 after buying an additional 145 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in DICK’S Sporting Goods during the third quarter valued at $49,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction on 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 sale, the executive vice president now 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods 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 transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock worth $39,655,456 over the last 90 days. Corporate insiders own 32.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Argus upped their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price target for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Morgan Stanley upped 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. Wedbush reaffirmed a “neutral” rating and issued a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Finally, TD Cowen upped their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $248.09.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $224.70 on Friday. 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 one year low of $165.75 and a one year high of $254.60. The company has a fifty day moving average price of $232.99 and a 200 day moving average price of $219.15. The stock has a market cap of $18.31 billion, a P/E ratio of 16.06, a PEG ratio of 2.47 and a beta of 1.57.

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

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.96%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 31.45%.

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.