Teachers Retirement System of The State of Kentucky grew its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 87.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 118,192 shares of the sporting goods retailer's stock after buying an additional 55,000 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.14% of DICK'S Sporting Goods worth $17,368,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in DICK'S Sporting Goods by 280.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer's stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Blue Trust Inc. raised its position in DICK'S Sporting Goods by 236.8% in the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer's stock worth $43,000 after purchasing an additional 206 shares in the last quarter. Capital Analysts LLC raised its position in DICK'S Sporting Goods by 132.5% in the fourth quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer's stock worth $66,000 after purchasing an additional 257 shares in the last quarter. Allworth Financial LP raised its position in DICK'S Sporting Goods by 2,505.3% in the fourth quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer's stock worth $73,000 after purchasing an additional 476 shares in the last quarter. Finally, Signaturefd LLC raised its position in DICK'S Sporting Goods by 30.5% in the fourth quarter. Signaturefd LLC now owns 638 shares of the sporting goods retailer's stock worth $94,000 after purchasing an additional 149 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.
Insiders Place Their Bets
In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,664,218.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,664,218.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lauren R. Hobart sold 40,167 shares of the 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 sale, the chief executive officer now owns 280,136 shares in the company, valued at $62,736,457.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 214,674 shares of company stock worth $47,573,772. Company insiders own 32.03% of the company's stock.
DICK'S Sporting Goods Trading Down 1.4 %
DKS stock traded down $3.00 during midday trading on Friday, reaching $216.28. The company's stock had a trading volume of 721,210 shares, compared to its average volume of 1,342,045. DICK'S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $229.56. The stock has a market cap of $17.62 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.60 and a beta of 1.62. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. The business's 50-day simple moving average is $204.40 and its 200-day simple moving average is $178.93.
DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.94 by $0.36. DICK'S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period last year, the firm earned $3.40 earnings per share. The business's revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.76 EPS for the current year.
DICK'S Sporting Goods Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.03%. DICK'S Sporting Goods's payout ratio is presently 36.42%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on DKS shares. Williams Trading raised shares of DICK'S Sporting Goods from a "hold" rating to a "buy" rating and increased their price target for the stock from $154.00 to $235.00 in a research report on Thursday, March 14th. UBS Group upped their price objective on shares of DICK'S Sporting Goods from $215.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, May 30th. DA Davidson upped their price objective on shares of DICK'S Sporting Goods from $250.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, May 29th. Gordon Haskett upped their price objective on shares of DICK'S Sporting Goods from $190.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Finally, Robert W. Baird upped their price objective on shares of DICK'S Sporting Goods from $225.00 to $235.00 and gave the stock a "neutral" rating in a research note on Thursday, May 30th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $237.09.
Check Out Our Latest Research Report on DICK'S Sporting Goods
About DICK'S Sporting Goods
(Free Report)
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.
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