Yousif Capital Management LLC Sells 592 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Yousif Capital Management LLC decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,607 shares of the sporting goods retailer’s stock after selling 592 shares during the quarter. Yousif Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $4,351,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Cobblestone Capital Advisors LLC NY raised its position in shares of DICK’S Sporting Goods by 1.2% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 8,546 shares of the sporting goods retailer’s stock valued at $928,000 after buying an additional 100 shares in the last quarter. Linden Thomas Advisory Services LLC raised its position in DICK’S Sporting Goods by 1.8% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,479 shares of the sporting goods retailer’s stock valued at $952,000 after purchasing an additional 113 shares during the period. Oder Investment Management LLC lifted its stake in shares of DICK’S Sporting Goods by 2.2% in the 3rd quarter. Oder Investment Management LLC now owns 5,545 shares of the sporting goods retailer’s stock valued at $602,000 after purchasing an additional 117 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of 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 during the period. Finally, Treasurer of the State of North Carolina increased its position in shares of DICK’S Sporting Goods by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 32,511 shares of the sporting goods retailer’s stock valued at $3,530,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction dated 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 owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction dated 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 owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Navdeep Gupta sold 16,211 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $222.00, for a total transaction of $3,598,842.00. Following the transaction, the chief financial officer now owns 87,628 shares of the company’s stock, valued at approximately $19,453,416. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,763 shares of company stock valued at $46,483,438. Company insiders own 30.79% of the company’s stock.

Analyst Ratings Changes

DKS has been the subject of a number of analyst reports. Robert W. Baird raised their price target on DICK’S Sporting Goods from $145.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Morgan Stanley raised their target price on shares of DICK’S Sporting Goods from $160.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. TD Cowen upped their price target on shares of DICK’S Sporting Goods from $177.00 to $226.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Telsey Advisory Group raised their price objective on shares of DICK’S Sporting Goods from $160.00 to $195.00 and gave the stock an “outperform” rating in a research note on Monday, March 11th. Finally, Evercore ISI boosted their target price on DICK’S Sporting Goods from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Hold” and a consensus price target of $208.64.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $207.12 on Friday. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $225.79. The stock’s fifty day moving average price is $198.51 and its 200-day moving average price is $156.27. The firm has a market cap of $17.08 billion, a P/E ratio of 17.00, a P/E/G ratio of 2.48 and a beta of 1.58. The company has a current ratio of 1.78, a quick ratio of 0.74 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, beating analysts’ consensus estimates of $3.35 by $0.50. The business had revenue of $3.88 billion for 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 company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.93 EPS. On average, equities research analysts expect 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 given a dividend of $1.10 per share. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. 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 2.12%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.12%.

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.