Natixis Advisors L.P. Increases Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Natixis Advisors L.P. boosted its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 156.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,572 shares of the sporting goods retailer's stock after purchasing an additional 32,043 shares during the period. Natixis Advisors L.P. owned about 0.06% of DICK'S Sporting Goods worth $7,725,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its holdings in DICK'S Sporting Goods by 9,735.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,239,273 shares of the sporting goods retailer's stock worth $243,140,000 after acquiring an additional 2,216,506 shares during the period. AQR Capital Management LLC lifted its position in DICK'S Sporting Goods by 145.0% in the 3rd quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer's stock valued at $85,722,000 after acquiring an additional 467,243 shares in the last quarter. Barclays PLC lifted its position in DICK'S Sporting Goods by 148.3% in the 3rd quarter. Barclays PLC now owns 592,991 shares of the sporting goods retailer's stock valued at $64,388,000 after acquiring an additional 354,217 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in DICK'S Sporting Goods in the 4th quarter valued at $47,196,000. Finally, Invesco Ltd. lifted its position in DICK'S Sporting Goods by 230.0% in the 3rd quarter. Invesco Ltd. now owns 427,767 shares of the sporting goods retailer's stock valued at $46,447,000 after acquiring an additional 298,121 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

DKS traded down $1.91 on Friday, reaching $196.09. The company had a trading volume of 1,002,155 shares, compared to its average volume of 1,133,409. The business has a 50 day simple moving average of $203.66 and a 200 day simple moving average of $162.04. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 2.46 and a beta of 1.61. DICK'S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $225.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78.

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 EPS for the quarter, beating the consensus estimate of $3.35 by $0.50. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. DICK'S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.93 EPS. As a group, sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.26 EPS for the current year.

DICK'S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.24%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. DICK'S Sporting Goods's payout ratio is presently 36.12%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DKS shares. Stifel Nicolaus boosted their price target on shares of DICK'S Sporting Goods from $126.00 to $215.00 and gave the stock a "hold" rating in a research report on Friday, March 15th. Loop Capital boosted their price target on shares of DICK'S Sporting Goods from $150.00 to $220.00 and gave the stock a "hold" rating in a research report on Monday, March 18th. DA Davidson boosted their price target on shares of DICK'S Sporting Goods from $183.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, March 15th. Evercore ISI boosted their price target on shares of DICK'S Sporting Goods from $200.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday, March 15th. Finally, Williams Trading upgraded shares of 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 note on Thursday, March 14th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $208.64.

Insiders Place Their Bets

In other news, SVP Elizabeth H. Baran sold 2,175 shares of DICK'S Sporting Goods 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 directly owns 11,051 shares in the company, valued at $2,450,890.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the acquisition, the insider now directly owns 8,818,615 shares of the company's stock, valued at approximately $1,886,566,306.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Elizabeth H. Baran sold 2,175 shares of DICK'S Sporting Goods stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $221.78, for a total value 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. Insiders sold 209,763 shares of company stock valued at $46,483,438 over the last three months. 30.79% of the stock is owned by company insiders.

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.