DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Position Lowered by Cozad Asset Management Inc.

Cozad Asset Management Inc. decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,020 shares of the sporting goods retailer’s stock after selling 220 shares during the quarter. Cozad Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $1,766,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in DICK’S Sporting Goods by 9,735.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,239,273 shares of the sporting goods retailer’s stock valued at $243,140,000 after acquiring an additional 2,216,506 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of DICK’S Sporting Goods by 4.5% in the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after purchasing an additional 34,942 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of 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 worth $85,722,000 after purchasing an additional 467,243 shares in the last quarter. Barclays PLC lifted its stake in DICK’S Sporting Goods by 148.3% during the third quarter. Barclays PLC now owns 592,991 shares of the sporting goods retailer’s stock valued at $64,388,000 after purchasing an additional 354,217 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in DICK’S Sporting Goods by 4.4% during the third quarter. Northern Trust Corp now owns 552,639 shares of the sporting goods retailer’s stock worth $60,006,000 after buying an additional 23,258 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DKS shares. Morgan Stanley upped their price target on DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Gordon Haskett boosted their target price on DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Barclays upped their target price on DICK’S Sporting Goods from $194.00 to $239.00 and gave the company an “overweight” rating in a report on Monday, March 18th. The Goldman Sachs Group lifted their price target on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, 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 report on Thursday, March 14th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $208.64.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $200.95 on Wednesday. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 2.49 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $225.79. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $199.24 and a 200 day simple moving average of $157.66.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results 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. 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 return on equity of 42.99% and a net margin of 8.06%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.93 EPS. As a group, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 2.19%. DICK’S Sporting Goods’s payout ratio is 36.12%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the transaction, the chief executive officer now directly owns 280,136 shares of the company’s stock, valued at $62,736,457.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were bought at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the transaction, the insider now directly owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lauren R. Hobart sold 40,167 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the completion of the sale, the chief executive officer now owns 280,136 shares of the company’s stock, valued at $62,736,457.20. 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 ninety days. Corporate insiders own 30.79% of the company’s stock.

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.