Alaska Permanent Fund Corp Sells 2,866 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Alaska Permanent Fund Corp decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,334 shares of the sporting goods retailer’s stock after selling 2,866 shares during the quarter. Alaska Permanent Fund Corp’s holdings in DICK’S Sporting Goods were worth $2,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in DICK’S Sporting Goods by 9,735.6% in the third quarter. Victory Capital Management Inc. now owns 2,239,273 shares of the sporting goods retailer’s stock valued at $243,140,000 after purchasing an additional 2,216,506 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of DICK’S Sporting Goods by 145.0% during the third 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 grew its stake in DICK’S Sporting Goods by 148.3% in the third quarter. Barclays PLC now owns 592,991 shares of the sporting goods retailer’s stock worth $64,388,000 after purchasing an additional 354,217 shares during the period. Wedge Capital Management L L P NC purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth $47,196,000. Finally, Invesco Ltd. grew its stake in DICK’S Sporting Goods by 230.0% in the third quarter. Invesco Ltd. now owns 427,767 shares of the sporting goods retailer’s stock worth $46,447,000 after purchasing an additional 298,121 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 0.1 %

Shares of NYSE:DKS opened at $203.96 on Friday. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $225.79. The stock’s fifty day moving average price is $197.75 and its 200-day moving average price is $155.56. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. The company has a market cap of $16.82 billion, a P/E ratio of 16.77, a PEG ratio of 2.49 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the company earned $2.93 earnings per share. DICK’S Sporting Goods’s revenue was up 7.8% on a year-over-year basis. Sell-side 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 2.16%. DICK’S Sporting Goods’s dividend payout ratio is currently 36.12%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s 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 of the company’s stock, valued at $62,736,457.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Elizabeth H. Baran sold 2,175 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the transaction, the senior vice president now owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lauren R. Hobart sold 40,167 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 280,136 shares in the company, valued at approximately $62,736,457.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,763 shares of company stock valued at $46,483,438. 30.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DKS shares. Williams Trading raised DICK’S Sporting Goods from a “hold” rating to a “buy” rating and upped their price target for the stock from $154.00 to $235.00 in a research note on Thursday, March 14th. TD Cowen upped their price target on DICK’S Sporting Goods from $177.00 to $226.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Wells Fargo & Company upped their price target on DICK’S Sporting Goods from $175.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Friday, March 15th. 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. Finally, UBS Group upped their price target on DICK’S Sporting Goods from $142.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Hold” and a consensus target price of $208.64.

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.