Amalgamated Bank Has $6.73 Million Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Amalgamated Bank lowered its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,762 shares of the sporting goods retailer’s stock after selling 2,137 shares during the period. Amalgamated Bank’s holdings in DICK’S Sporting Goods were worth $6,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in DICK’S Sporting Goods by 1,305.5% during the fourth quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock worth $870,000 after acquiring an additional 5,496 shares in the last quarter. First Hawaiian Bank bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at about $695,000. Pacer Advisors Inc. grew its holdings in DICK’S Sporting Goods by 4.5% during the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after purchasing an additional 34,942 shares during the period. Victory Capital Management Inc. raised its stake in DICK’S Sporting Goods by 4.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock valued at $342,984,000 after buying an additional 94,745 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of DICK’S Sporting Goods by 1.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 349,724 shares of the sporting goods retailer’s stock worth $37,973,000 after acquiring an additional 5,835 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on DKS shares. DA Davidson upped their price target on shares of DICK’S Sporting Goods from $183.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Wedbush increased their target price on DICK’S Sporting Goods from $160.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Jefferies Financial Group assumed coverage on DICK’S Sporting Goods in a research note on Friday, April 12th. They issued a “hold” rating and a $211.00 price target for the company. The Goldman Sachs Group increased their price objective on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Finally, Loop Capital lifted their target price on DICK’S Sporting Goods from $150.00 to $220.00 and gave the stock a “hold” rating in a report on Monday, March 18th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Hold” and a consensus target price of $208.64.

DICK’S Sporting Goods Stock Up 1.8 %

Shares of NYSE:DKS opened at $202.74 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $225.79. The company has a market capitalization of $16.72 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.46 and a beta of 1.61. The company has a fifty day moving average of $201.77 and a 200-day moving average of $160.21.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the company earned $2.93 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a $1.10 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 2.17%. The ex-dividend date was Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio is 36.12%.

Insider Buying and Selling

In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the transaction, the senior vice president now owns 11,051 shares in the company, valued at approximately $2,450,890.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the transaction, the senior vice president now directly owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Navdeep Gupta sold 16,211 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $222.00, for a total transaction of $3,598,842.00. Following the transaction, the chief financial officer now owns 87,628 shares in the company, valued at approximately $19,453,416. The disclosure for this sale can be found here. Insiders have sold a total of 209,763 shares of company stock valued at $46,483,438 over the last 90 days. 32.03% of the stock is owned by insiders.

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.