Shelton Capital Management Sells 116 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Shelton Capital Management trimmed its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,186 shares of the sporting goods retailer’s stock after selling 116 shares during the quarter. Shelton Capital Management’s holdings in DICK’S Sporting Goods were worth $500,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth $28,000. Rialto Wealth Management LLC bought a new position in DICK’S Sporting Goods in the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC grew its stake in DICK’S Sporting Goods by 590.0% in the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 118 shares in the last quarter. Promus Capital LLC bought a new position in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $48,000. Finally, SBI Securities Co. Ltd. bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $55,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.03% of the stock is owned by insiders.

Analysts Set New Price Targets

DKS has been the subject of a number of research analyst reports. Robert W. Baird lowered their price target on DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Loop Capital dropped their price target on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating on the stock in a research note on Thursday, March 13th. Citigroup reaffirmed a “neutral” rating and set a $220.00 price target (down from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. DA Davidson decreased their target price on DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Finally, Guggenheim restated a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average target price of $244.74.

DICK’S Sporting Goods Price Performance

DKS stock opened at $198.36 on Thursday. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 2.47 and a beta of 1.32. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The company’s fifty day simple moving average is $212.73 and its 200 day simple moving average is $214.97. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.15. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.85 EPS. On average, analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $1.2125 dividend. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.45%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 34.54%.

DICK’S Sporting Goods declared that its board has authorized a share buyback program on Tuesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

DICK’S Sporting Goods Company Profile

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.