5,212 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Acquired by Friedenthal Financial

Friedenthal Financial purchased a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,212 shares of the sporting goods retailer's stock, valued at approximately $766,000.

A number of other hedge funds have also recently added to or reduced their stakes in DKS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in DICK'S Sporting Goods by 7.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,056 shares of the sporting goods retailer's stock worth $2,306,000 after buying an additional 1,541 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in DICK'S Sporting Goods by 14.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 40,257 shares of the sporting goods retailer's stock worth $4,161,000 after buying an additional 5,111 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of DICK'S Sporting Goods by 0.6% in the 1st quarter. Yousif Capital Management LLC now owns 36,694 shares of the sporting goods retailer's stock valued at $3,670,000 after purchasing an additional 217 shares in the last quarter. Sei Investments Co. lifted its stake in shares of DICK'S Sporting Goods by 20.3% in the 1st quarter. Sei Investments Co. now owns 30,737 shares of the sporting goods retailer's stock valued at $3,160,000 after purchasing an additional 5,182 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of DICK'S Sporting Goods by 34.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,047 shares of the sporting goods retailer's stock valued at $204,000 after purchasing an additional 524 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Edward W. Stack sold 151,210 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the sale, the chairman now directly owns 10,899,110 shares in the company, valued at approximately $2,407,940,372.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Edward W. Stack sold 151,210 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the sale, the chairman now directly owns 10,899,110 shares in the company, valued at approximately $2,407,940,372.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lauren R. Hobart sold 40,167 shares of the business'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 value of $8,995,399.65. Following the completion of the sale, the chief executive officer now owns 280,136 shares of the company's stock, valued at $62,736,457.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,763 shares of company stock worth $46,483,438. 30.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DKS has been the topic of several research analyst reports. Wedbush lifted their price objective on DICK'S Sporting Goods from $160.00 to $210.00 and gave the company a "neutral" rating in a research note on Friday, March 15th. Barclays lifted their price objective on DICK'S Sporting Goods from $194.00 to $239.00 and gave the company an "overweight" rating in a research note on Monday, March 18th. The Goldman Sachs Group lifted their price objective on DICK'S Sporting Goods from $157.00 to $247.00 and gave the company a "buy" rating in a research note on Friday, March 15th. TD Cowen lifted their price objective on DICK'S Sporting Goods from $177.00 to $226.00 and gave the company an "outperform" rating in a research note on Thursday, March 14th. Finally, Oppenheimer lifted their price objective on DICK'S Sporting Goods from $190.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, March 20th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $208.64.

DICK'S Sporting Goods Stock Down 2.1 %

DKS stock traded down $4.31 during midday trading on Friday, hitting $203.13. 700,242 shares of the company's stock were exchanged, compared to its average volume of 1,224,495. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. DICK'S Sporting Goods, Inc. has a 12-month low of $100.98 and a 12-month high of $225.79. The firm has a 50 day moving average price of $191.04 and a 200-day moving average price of $149.65. The stock has a market capitalization of $16.75 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 2.50 and a beta of 1.58.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the business earned $2.93 EPS. DICK'S Sporting Goods's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.29 EPS for the current year.

DICK'S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Wednesday, March 27th. DICK'S Sporting Goods's payout ratio is 36.12%.

DICK'S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.