Hussman Strategic Advisors Inc. Sells 10,500 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Hussman Strategic Advisors Inc. cut its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 33.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,000 shares of the sporting goods retailer's stock after selling 10,500 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in DICK'S Sporting Goods were worth $3,086,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in DICK'S Sporting Goods by 9,735.6% in 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 purchasing an additional 2,216,506 shares during the period. BlackRock Inc. grew its holdings in DICK'S Sporting Goods by 12.1% in the first quarter. BlackRock Inc. now owns 5,983,808 shares of the sporting goods retailer's stock worth $849,043,000 after purchasing an additional 644,609 shares during the period. AQR Capital Management LLC grew its holdings in DICK'S Sporting Goods by 145.0% in the third quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer's stock worth $85,722,000 after purchasing an additional 467,243 shares during the period. Envestnet Asset Management Inc. grew its holdings in DICK'S Sporting Goods by 1,168.3% in the first quarter. Envestnet Asset Management Inc. now owns 465,279 shares of the sporting goods retailer's stock worth $7,918,000 after purchasing an additional 428,593 shares during the period. Finally, Barclays PLC grew its holdings in DICK'S Sporting Goods by 148.3% in the third quarter. Barclays PLC now owns 592,991 shares of the sporting goods retailer's stock worth $64,388,000 after purchasing an additional 354,217 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Performance

DKS stock traded down $0.14 during mid-day trading on Friday, hitting $195.08. The company had a trading volume of 716,396 shares, compared to its average volume of 1,046,470. The firm has a market cap of $16.08 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 2.36 and a beta of 1.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. The stock's fifty day moving average price is $194.84 and its two-hundred day moving average price is $153.46. DICK'S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $225.79.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.50. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. DICK'S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The company's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $2.93 earnings per share. On average, analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $1.10 dividend. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.26%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 36.12%.

Insider Transactions at DICK'S Sporting Goods

In related news, 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 transaction of $8,995,399.65. Following the completion of the transaction, the chief executive officer now owns 280,136 shares of the company's stock, valued at $62,736,457.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, 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 transaction of $8,995,399.65. Following the completion of the transaction, the chief executive officer now owns 280,136 shares of the company's stock, valued at $62,736,457.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Elizabeth H. Baran sold 2,175 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $221.78, for a total transaction of $482,371.50. Following the transaction, the senior vice president now directly owns 11,051 shares of the company's stock, valued at approximately $2,450,890.78. The disclosure for this sale can be found here. Insiders sold 209,763 shares of company stock worth $46,483,438 over the last quarter. Corporate insiders own 30.79% of the company's stock.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of DICK'S Sporting Goods in a report on Friday, April 12th. They set a "hold" rating and a $211.00 price objective for the company. Evercore ISI lifted their price objective on shares of DICK'S Sporting Goods from $200.00 to $240.00 and gave the company an "outperform" rating in a report on Friday, March 15th. Loop Capital lifted their price objective on shares of DICK'S Sporting Goods from $150.00 to $220.00 and gave the company a "hold" rating in a report on Monday, March 18th. Morgan Stanley lifted 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 report on Friday, March 15th. Finally, Stifel Nicolaus lifted their price objective on shares of DICK'S Sporting Goods from $126.00 to $215.00 and gave the company a "hold" rating in a report on Friday, March 15th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $208.64.

About DICK'S Sporting Goods

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.