DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Position Lifted by Natixis Advisors L.P.

Natixis Advisors L.P. boosted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 156.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,572 shares of the sporting goods retailer’s stock after buying an additional 32,043 shares during the quarter. Natixis Advisors L.P. owned approximately 0.06% of DICK’S Sporting Goods worth $7,725,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of DICK’S Sporting Goods by 9,735.6% during the third quarter. Victory Capital Management Inc. now owns 2,239,273 shares of the sporting goods retailer’s stock worth $243,140,000 after acquiring an additional 2,216,506 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of DICK’S Sporting Goods by 145.0% during the 3rd quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock valued at $85,722,000 after purchasing an additional 467,243 shares in the last quarter. Barclays PLC lifted its stake in shares of DICK’S Sporting Goods by 148.3% in the 3rd quarter. Barclays PLC now owns 592,991 shares of the sporting goods retailer’s stock valued at $64,388,000 after purchasing an additional 354,217 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in DICK’S Sporting Goods in the fourth quarter worth $47,196,000. Finally, Invesco Ltd. increased its position in DICK’S Sporting Goods by 230.0% during the third quarter. Invesco Ltd. now owns 427,767 shares of the sporting goods retailer’s stock worth $46,447,000 after buying an additional 298,121 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $198.07 on Friday. 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’s 50 day moving average price is $203.66 and its two-hundred day moving average price is $162.04. The company has a market capitalization of $16.33 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 2.46 and a beta of 1.61.

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

DICK’S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.12%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the completion of the transaction, the chief executive officer now directly owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the completion of the transaction, the chief executive officer now directly owns 280,136 shares in the company, valued at approximately $62,736,457.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the acquisition, the insider now directly owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 209,763 shares of company stock worth $46,483,438. Corporate insiders own 30.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DKS shares. Williams Trading raised DICK’S Sporting Goods from a “hold” rating to a “buy” rating and raised their price objective for the company from $154.00 to $235.00 in a research note on Thursday, March 14th. The Goldman Sachs Group raised 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. Telsey Advisory Group boosted their price objective on DICK’S Sporting Goods from $160.00 to $195.00 and gave the company an “outperform” rating in a research report on Monday, March 11th. Gordon Haskett upped their target price on DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Wedbush lifted their price target on shares of 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. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $208.64.

DICK’S Sporting Goods Profile

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.