Russell Investments Group Ltd. Sells 5,017 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Russell Investments Group Ltd. decreased its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 5.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,986 shares of the sporting goods retailer's stock after selling 5,017 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of DICK'S Sporting Goods worth $12,783,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DKS. Cobblestone Capital Advisors LLC NY lifted its position in DICK'S Sporting Goods by 1.2% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 8,546 shares of the sporting goods retailer's stock worth $928,000 after purchasing an additional 100 shares during the period. Linden Thomas Advisory Services LLC boosted its position in shares of DICK'S Sporting Goods by 1.8% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,479 shares of the sporting goods retailer's stock worth $952,000 after acquiring an additional 113 shares in the last quarter. Oder Investment Management LLC increased its stake in DICK'S Sporting Goods by 2.2% in the third quarter. Oder Investment Management LLC now owns 5,545 shares of the sporting goods retailer's stock valued at $602,000 after acquiring an additional 117 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in DICK'S Sporting Goods by 280.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer's stock valued at $28,000 after purchasing an additional 140 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in DICK'S Sporting Goods by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 32,511 shares of the sporting goods retailer's stock worth $3,530,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

DKS has been the topic of several recent analyst reports. Jefferies Financial Group started coverage on DICK'S Sporting Goods in a research note on Friday, April 12th. They issued a "hold" rating and a $211.00 price target on the stock. Williams Trading raised DICK'S Sporting Goods from a "hold" rating to a "buy" rating and boosted their target price for the stock from $154.00 to $235.00 in a research note on Thursday, March 14th. Barclays lifted their price target on shares of DICK'S Sporting Goods from $194.00 to $239.00 and gave the company an "overweight" rating in a report on Monday, March 18th. Evercore ISI increased 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 research note on Friday, March 15th. Finally, Oppenheimer boosted their target price on shares of DICK'S Sporting Goods from $190.00 to $240.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 20th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $208.64.

Insider Activity at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the firm's stock in a transaction 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 directly owns 280,136 shares in the company, valued at $62,736,457.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $223.95, for a total value of $8,995,399.65. Following the transaction, the chief executive officer now owns 280,136 shares in the company, valued at $62,736,457.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the acquisition, the insider now owns 8,818,615 shares of the company's stock, valued at $1,886,566,306.95. The disclosure for this purchase can be found here. Insiders have sold 209,763 shares of company stock worth $46,483,438 in the last quarter. Company insiders own 30.79% of the company's stock.

DICK'S Sporting Goods Trading Up 1.8 %

NYSE DKS traded up $3.55 during mid-day trading on Friday, reaching $202.74. 692,819 shares of the stock were exchanged, compared to its average volume of 836,831. The stock has a market cap of $16.72 billion, a P/E ratio of 16.65, a P/E/G ratio of 2.46 and a beta of 1.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. DICK'S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $225.79. The stock has a 50 day simple moving average of $201.77 and a 200-day simple moving average of $159.86.

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 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 firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the company posted $2.93 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.26 EPS for the current year.

DICK'S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid 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 2.17%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.00. DICK'S Sporting Goods's payout ratio is currently 36.12%.

DICK'S Sporting Goods Company 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.