Swiss National Bank Sells 8,600 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Swiss National Bank trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,400 shares of the sporting goods retailer’s stock after selling 8,600 shares during the quarter. Swiss National Bank owned 0.20% of DICK’S Sporting Goods worth $37,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of DICK’S Sporting Goods during the 3rd quarter valued at $27,000. New Wave Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at $30,000. True Wealth Design LLC lifted its holdings in shares of DICK’S Sporting Goods by 2,900.0% during the 3rd 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, Sound Income Strategies LLC lifted its holdings in shares of DICK’S Sporting Goods by 590.0% during the 4th 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. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Trading Up 4.4 %

Shares of DKS stock opened at $194.74 on Monday. DICK’S Sporting Goods, Inc. has a 52-week low of $182.84 and a 52-week high of $254.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The firm has a market capitalization of $15.87 billion, a PE ratio of 13.92, a PEG ratio of 2.47 and a beta of 1.53. The stock has a fifty day simple moving average of $228.59 and a two-hundred day simple moving average of $218.02.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.15. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $3.85 earnings per share. On average, analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods declared that its Board of Directors has approved a share buyback plan on Tuesday, March 11th that allows the company to repurchase $3.00 billion in 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 generally an indication that the company’s management believes its shares are undervalued.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $1.2125 per share. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.49%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Insider Activity

In other news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now owns 50,997 shares in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the transaction, the chairman now owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 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.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DKS shares. Guggenheim reissued a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Stifel Nicolaus reduced their price objective on DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating for the company in a research note on Wednesday, March 12th. Robert W. Baird reduced their price objective on DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. 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 research note on Wednesday, November 27th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $250.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday. Nine research 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 a consensus rating of “Moderate Buy” and an average target price of $245.50.

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.