Versant Capital Management Inc Has $61,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Versant Capital Management Inc trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 36.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 265 shares of the sporting goods retailer’s stock after selling 149 shares during the quarter. Versant Capital Management Inc’s holdings in DICK’S Sporting Goods were worth $61,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI boosted its position in DICK’S Sporting Goods by 4.7% during the 2nd quarter. National Bank of Canada FI now owns 37,843 shares of the sporting goods retailer’s stock worth $7,649,000 after buying an additional 1,709 shares during the period. Arizona State Retirement System increased its holdings in DICK’S Sporting Goods by 1.1% in the second quarter. Arizona State Retirement System now owns 16,173 shares of the sporting goods retailer’s stock valued at $3,475,000 after purchasing an additional 172 shares during the period. Savant Capital LLC raised its position in DICK’S Sporting Goods by 3.3% during the 2nd quarter. Savant Capital LLC now owns 11,678 shares of the sporting goods retailer’s stock worth $2,509,000 after purchasing an additional 371 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in DICK’S Sporting Goods by 30.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,300 shares of the sporting goods retailer’s stock worth $279,000 after buying an additional 300 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $2,716,000. 89.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DKS shares. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their target price on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Loop Capital upped their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. 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 report on Wednesday, November 27th. Finally, UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Stock Up 1.0 %

DKS stock opened at $229.12 on Monday. The firm has a market capitalization of $18.67 billion, a PE ratio of 16.38, a P/E/G ratio of 2.52 and a beta of 1.58. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods, Inc. has a twelve month low of $137.06 and a twelve month high of $239.30. The stock’s 50 day moving average is $211.88 and its 200-day moving average is $212.91.

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, beating the consensus estimate 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 analysts’ expectations of $3.03 billion. During the same period last year, the business earned $2.85 EPS. The business’s revenue was up .5% on a year-over-year basis. Sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.92%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Insiders Place Their Bets

In related news, Director Lawrence J. Schorr sold 7,333 shares of the 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 completion of the sale, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 32.03% of the company’s stock.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.