Linden Thomas Advisory Services LLC Buys 113 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Linden Thomas Advisory Services LLC boosted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,479 shares of the sporting goods retailer’s stock after acquiring an additional 113 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in DICK’S Sporting Goods were worth $952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of DICK’S Sporting Goods by 280.0% in the fourth 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 during the last quarter. Blue Trust Inc. boosted its position in 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 during the period. Capital Analysts LLC grew its holdings in DICK’S Sporting Goods by 132.5% in the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after acquiring an additional 257 shares during the last quarter. Allworth Financial LP increased its position in shares of 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. Finally, Fifth Third Bancorp increased its position in shares of 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. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $205.59 on Thursday. The firm has a market capitalization of $16.95 billion, a PE ratio of 16.88, a P/E/G ratio of 2.50 and a beta of 1.58. The company has a 50 day moving average price of $197.07 and a 200-day moving average price of $155.22. 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 quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. The business 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 firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.93 EPS. As a group, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $1.10 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 2.14%. DICK’S Sporting Goods’s dividend payout ratio is currently 36.12%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of DICK’S Sporting Goods stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the transaction, the insider now directly owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, Chairman Edward W. Stack sold 151,210 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the transaction, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the transaction, the insider now directly owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 209,763 shares of company stock valued at $46,483,438. Insiders own 30.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Oppenheimer lifted their price target on shares of DICK’S Sporting Goods from $190.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Stifel Nicolaus upped their price objective on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Loop Capital raised their target price on shares of DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a research note on Monday, March 18th. Finally, Telsey Advisory Group boosted their price target on DICK’S Sporting Goods from $160.00 to $195.00 and gave the stock an “outperform” rating in a research report on Monday, March 11th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.