Nisa Investment Advisors LLC Lowers Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Nisa Investment Advisors LLC decreased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 15.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,916 shares of the sporting goods retailer’s stock after selling 1,779 shares during the period. Nisa Investment Advisors LLC’s holdings in DICK’S Sporting Goods were worth $2,269,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DKS. ORG Partners LLC grew its stake in DICK’S Sporting Goods by 37.0% in the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after purchasing an additional 54 shares during the period. CIBC Asset Management Inc grew its position in shares of DICK’S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after buying an additional 54 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in shares of DICK’S Sporting Goods by 3.5% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer’s stock worth $470,000 after acquiring an additional 70 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in DICK’S Sporting Goods by 4.8% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,765 shares of the sporting goods retailer’s stock valued at $404,000 after acquiring an additional 81 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its stake in DICK’S Sporting Goods by 5.7% during the third quarter. First Citizens Bank & Trust Co. now owns 1,907 shares of the sporting goods retailer’s stock worth $398,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $250.09 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $20.37 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.69 and a beta of 1.58. The firm’s 50 day moving average price is $221.74 and its 200-day moving average price is $214.99. DICK’S Sporting Goods, Inc. has a twelve month low of $148.95 and a twelve month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results 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 business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $2.85 earnings per share. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given 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 1.76%. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

Insider Activity at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the transaction, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction that occurred on 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 sale, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DKS shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Wedbush reiterated a “neutral” rating and set a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Loop Capital increased their target price 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. Morgan Stanley lifted their price target 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. Finally, TD Cowen increased their price objective on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $246.57.

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.