New York Life Investment Management LLC Invests $1.08 Million in DICK’S Sporting Goods, Inc. (NYSE:DKS)

New York Life Investment Management LLC bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,332 shares of the sporting goods retailer’s stock, valued at approximately $1,077,000.

A number of other institutional investors have also recently added to or reduced their stakes in DKS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in DICK’S Sporting Goods by 280.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock valued at $28,000 after purchasing an additional 140 shares in the last quarter. Blue Trust Inc. boosted its holdings in DICK’S Sporting Goods by 236.8% in the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after buying an additional 206 shares during the last quarter. Capital Analysts LLC boosted its holdings in DICK’S Sporting Goods by 132.5% in the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after buying an additional 257 shares during the last quarter. Allworth Financial LP raised its holdings in shares of DICK’S Sporting Goods by 2,505.3% during the fourth quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock valued at $73,000 after acquiring an additional 476 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of DICK’S Sporting Goods by 30.5% in the fourth quarter. Signaturefd LLC now owns 638 shares of the sporting goods retailer’s stock valued at $94,000 after acquiring an additional 149 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $202.62 on Wednesday. The business’s 50-day moving average price is $202.88 and its 200 day moving average price is $161.55. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The firm has a market cap of $16.71 billion, a P/E ratio of 16.64, a P/E/G ratio of 2.46 and a beta of 1.61. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. The firm 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%. DICK’S Sporting Goods’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $2.93 EPS. On average, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on DKS shares. UBS Group boosted their price target on DICK’S Sporting Goods from $142.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Williams Trading raised shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and raised their price target for the stock from $154.00 to $235.00 in a research note on Thursday, March 14th. Morgan Stanley upped their price objective on shares of DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Barclays raised their target price on shares of DICK’S Sporting Goods from $194.00 to $239.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. Finally, The Goldman Sachs Group upped their price target on DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods has an average rating of “Hold” and a consensus target price of $208.64.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 40,167 shares of the business’s 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 sale, the chief executive officer now owns 280,136 shares of the company’s stock, valued at $62,736,457.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Lauren R. Hobart sold 40,167 shares of DICK’S Sporting Goods stock in a transaction on Thursday, March 21st. The stock was 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 $62,736,457.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Navdeep Gupta sold 16,211 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $222.00, for a total value of $3,598,842.00. Following the sale, the chief financial officer now owns 87,628 shares in the company, valued at $19,453,416. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,763 shares of company stock valued at $46,483,438. 32.03% of the stock is owned by company insiders.

DICK’S Sporting Goods Company 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.