EFG Asset Management North America Corp. Lowers Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

EFG Asset Management North America Corp. lessened its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 26.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,177 shares of the sporting goods retailer's stock after selling 6,861 shares during the period. EFG Asset Management North America Corp.'s holdings in DICK'S Sporting Goods were worth $2,816,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DKS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in DICK'S Sporting Goods by 280.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer's stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Blue Trust Inc. lifted its position in shares of DICK'S Sporting Goods by 236.8% during the 4th 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 in the last quarter. Capital Analysts LLC lifted its position in shares of DICK'S Sporting Goods by 132.5% during the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer's stock valued at $66,000 after buying an additional 257 shares in the last quarter. Allworth Financial LP lifted its position in shares of DICK'S Sporting Goods by 2,505.3% during the 4th quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer's stock valued at $73,000 after buying an additional 476 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of DICK'S Sporting Goods by 36.0% during the 3rd quarter. Fifth Third Bancorp now owns 688 shares of the sporting goods retailer's stock valued at $75,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Transactions at DICK'S Sporting Goods

In related news, CEO Lauren R. Hobart sold 40,167 shares of the firm'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 sale, 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 can be accessed through this hyperlink. In other news, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction dated 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 approximately $62,736,457.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Navdeep Gupta sold 16,211 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $222.00, for a total value of $3,598,842.00. Following the completion of the transaction, the chief financial officer now owns 87,628 shares in the company, valued at approximately $19,453,416. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,763 shares of company stock valued at $46,483,438. 32.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DKS shares. Barclays decreased their target price on DICK'S Sporting Goods from $239.00 to $231.00 and set an "overweight" rating on the stock in a research report on Monday. Stifel Nicolaus raised their price objective on DICK'S Sporting Goods from $126.00 to $215.00 and gave the company a "hold" rating in a report on Friday, March 15th. DA Davidson raised their price objective on DICK'S Sporting Goods from $183.00 to $250.00 and gave the company a "buy" rating in a report on Friday, March 15th. TD Cowen raised their price objective on DICK'S Sporting Goods from $177.00 to $226.00 and gave the company an "outperform" rating in a report on Thursday, March 14th. Finally, Evercore ISI raised their price objective on DICK'S Sporting Goods from $200.00 to $240.00 and gave the company an "outperform" rating in a report on Friday, March 15th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, DICK'S Sporting Goods currently has an average rating of "Hold" and a consensus price target of $208.27.

DICK'S Sporting Goods Stock Down 1.3 %

Shares of DKS traded down $2.49 during mid-day trading on Friday, hitting $194.43. 890,333 shares of the company's stock were exchanged, compared to its average volume of 1,113,206. 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 company has a market cap of $16.03 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 2.44 and a beta of 1.61. The stock's 50-day moving average is $205.34 and its 200-day moving average is $165.26. DICK'S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $225.79.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.35 by $0.50. DICK'S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the business earned $2.93 EPS. The firm's quarterly revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.27 earnings per share 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 given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 2.26%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.00. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 36.12%.

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.

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