321,169 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC acquired a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 321,169 shares of the sporting goods retailer's stock, valued at approximately $47,196,000. DICK'S Sporting Goods comprises approximately 0.8% of Wedge Capital Management L L P NC's holdings, making the stock its 26th biggest position. Wedge Capital Management L L P NC owned approximately 0.39% of DICK'S Sporting Goods at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings 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 valued at $43,000 after buying an additional 206 shares during the last quarter. Capital Analysts LLC boosted its stake 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 valued at $66,000 after acquiring an additional 257 shares during the period. Allworth Financial LP boosted its stake 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 valued at $73,000 after acquiring an additional 476 shares during the period. Fifth Third Bancorp boosted its stake in DICK'S Sporting Goods by 36.0% in the third quarter. Fifth Third Bancorp now owns 688 shares of the sporting goods retailer's stock valued at $75,000 after acquiring an additional 182 shares during the period. Finally, Byrne Asset Management LLC boosted its stake in DICK'S Sporting Goods by 40.9% in the third quarter. Byrne Asset Management LLC now owns 775 shares of the sporting goods retailer's stock valued at $84,000 after acquiring an additional 225 shares during the period. 89.83% of the stock is owned by institutional investors.

DICK'S Sporting Goods Price Performance

DKS traded up $3.53 during trading on Monday, reaching $198.61. The stock had a trading volume of 677,492 shares, compared to its average volume of 1,192,395. The firm has a market capitalization of $16.38 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 2.36 and a beta of 1.58. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. DICK'S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year high of $225.79. The stock has a 50 day moving average of $195.49 and a two-hundred day moving average of $154.14.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 42.99% and a net margin of 8.06%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.93 earnings per share. As a group, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.26 EPS for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 2.22%. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.00. DICK'S Sporting Goods's dividend payout ratio is currently 36.12%.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the business's stock in a transaction 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 sale, the senior vice president now directly owns 11,051 shares of the company's stock, valued at approximately $2,450,890.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman Edward W. Stack sold 151,210 shares of the company's stock in a transaction on Thursday, March 21st. The shares were 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 $2,407,940,372.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Elizabeth H. Baran sold 2,175 shares of the company's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the sale, the senior vice president now owns 11,051 shares of the company's stock, valued at $2,450,890.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,763 shares of company stock valued at $46,483,438. Corporate insiders own 30.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DKS. Jefferies Financial Group began coverage on DICK'S Sporting Goods in a research note on Friday, April 12th. They issued a "hold" rating and a $211.00 target price for the company. Wells Fargo & Company lifted their target price on DICK'S Sporting Goods from $175.00 to $210.00 and gave the company an "equal weight" rating in a research note on Friday, March 15th. UBS Group boosted their price objective 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 upgraded DICK'S Sporting Goods from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $154.00 to $235.00 in a research report on Thursday, March 14th. Finally, The Goldman Sachs Group boosted their price objective on DICK'S Sporting Goods from $157.00 to $247.00 and gave the stock a "buy" rating in a research report on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $208.64.

DICK'S Sporting Goods 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.