Stonegate Investment Group LLC Grows Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Stonegate Investment Group LLC grew its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,066 shares of the sporting goods retailer’s stock after acquiring an additional 58 shares during the period. Stonegate Investment Group LLC’s holdings in DICK’S Sporting Goods were worth $473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kerusso Capital Management LLC purchased a new position in DICK’S Sporting Goods in the third quarter valued at about $1,554,000. National Pension Service purchased a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at about $4,195,000. Strategy Asset Managers LLC acquired a new position in DICK’S Sporting Goods during the 3rd quarter worth approximately $4,325,000. Marion Wealth Management purchased a new position in DICK’S Sporting Goods in the 4th quarter worth approximately $545,000. Finally, Landscape Capital Management L.L.C. grew its position in DICK’S Sporting Goods by 402.9% in the third quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock valued at $3,202,000 after acquiring an additional 12,293 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Morgan Stanley upped their price target on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. TD Cowen upped their target price on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Wedbush reiterated a “neutral” rating and issued a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average target price of $246.57.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock worth $39,655,456 over the last ninety days. 32.03% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Stock Up 1.1 %

DKS stock opened at $249.17 on Wednesday. The stock has a market cap of $20.30 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.69 and a beta of 1.58. The firm’s 50-day simple moving average is $223.65 and its 200 day simple moving average is $215.44. DICK’S Sporting Goods, Inc. has a fifty-two week low of $148.95 and a fifty-two week high of $254.60. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $2.85 earnings per share. As a group, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.