State of Alaska Department of Revenue Sells 170 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

State of Alaska Department of Revenue lessened its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,599 shares of the sporting goods retailer’s stock after selling 170 shares during the period. State of Alaska Department of Revenue’s holdings in DICK’S Sporting Goods were worth $1,510,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. State Street Corp raised its position in DICK’S Sporting Goods by 1.2% in the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock worth $473,945,000 after purchasing an additional 27,155 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in DICK’S Sporting Goods by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after acquiring an additional 57,672 shares during the period. Geode Capital Management LLC grew its holdings in DICK’S Sporting Goods by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock worth $217,169,000 after acquiring an additional 10,640 shares during the period. KBC Group NV grew its holdings in DICK’S Sporting Goods by 86.8% during the 4th quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer’s stock worth $107,043,000 after acquiring an additional 217,390 shares during the period. Finally, Holocene Advisors LP acquired a new stake in DICK’S Sporting Goods during the 3rd quarter worth $70,562,000. Institutional investors own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the company’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 in the company, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the company’s 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 completion of the transaction, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,933 shares of company stock worth $39,655,456. Insiders own 32.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DKS. Wedbush reissued a “neutral” rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Argus boosted their price target on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. TD Cowen upped their target price on shares of 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. Finally, Loop Capital upped their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Stock Down 1.1 %

Shares of DKS stock opened at $241.40 on Thursday. 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’s 50-day moving average is $230.53 and its 200-day moving average is $217.71. The stock has a market cap of $19.67 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.57 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 52-week low of $160.31 and a 52-week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 EPS. Sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.82%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 31.45%.

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.