Fiera Capital Corp Sells 16,771 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Fiera Capital Corp trimmed its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating) by 3.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 424,160 shares of the sporting goods retailer’s stock after selling 16,771 shares during the quarter. Fiera Capital Corp’s holdings in DICK’S Sporting Goods were worth $48,774,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Squarepoint Ops LLC increased its position in DICK’S Sporting Goods by 453.6% during the third quarter. Squarepoint Ops LLC now owns 300,484 shares of the sporting goods retailer’s stock worth $35,989,000 after acquiring an additional 246,201 shares during the period. Sepio Capital LP increased its position in DICK’S Sporting Goods by 21.0% during the fourth quarter. Sepio Capital LP now owns 32,564 shares of the sporting goods retailer’s stock worth $3,745,000 after acquiring an additional 5,654 shares during the period. Allspring Global Investments Holdings LLC bought a new position in DICK’S Sporting Goods during the fourth quarter worth about $14,713,000. Aviva PLC bought a new position in DICK’S Sporting Goods during the third quarter worth about $1,447,000. Finally, Robeco Institutional Asset Management B.V. increased its position in DICK’S Sporting Goods by 225.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 123,371 shares of the sporting goods retailer’s stock worth $14,184,000 after acquiring an additional 85,459 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

NYSE:DKS traded down $5.02 during mid-day trading on Friday, hitting $96.42. 895,307 shares of the company’s stock were exchanged, compared to its average volume of 1,381,397. The company has a 50 day simple moving average of $105.09 and a 200-day simple moving average of $112.87. The company has a current ratio of 1.88, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. DICK’S Sporting Goods, Inc. has a fifty-two week low of $80.42 and a fifty-two week high of $147.39. The firm has a market capitalization of $8.35 billion, a P/E ratio of 6.95, a PEG ratio of 1.52 and a beta of 1.68.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last posted its earnings results on Tuesday, March 8th. The sporting goods retailer reported $3.64 EPS for the quarter, topping the consensus estimate of $3.54 by $0.10. DICK’S Sporting Goods had a net margin of 12.36% and a return on equity of 60.28%. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the company earned $2.43 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 12.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 18th were given a $0.488 dividend. The ex-dividend date was Thursday, March 17th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 2.02%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $0.44. DICK’S Sporting Goods’s payout ratio is 14.05%.

In other news, CFO Navdeep Gupta sold 9,614 shares of the business’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $104.13, for a total value of $1,001,105.82. Following the transaction, the chief financial officer now owns 95,272 shares in the company, valued at approximately $9,920,673.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie Lodge-Jarrett sold 9,139 shares of the business’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $109.02, for a total transaction of $996,333.78. The disclosure for this sale can be found here. Insiders sold a total of 190,886 shares of company stock worth $20,211,002 in the last 90 days. Corporate insiders own 30.09% of the company’s stock.

Several research firms have commented on DKS. Barclays decreased their target price on shares of DICK’S Sporting Goods from $147.00 to $134.00 in a report on Friday, April 1st. Stephens decreased their target price on shares of DICK’S Sporting Goods from $138.00 to $122.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 9th. DA Davidson decreased their target price on shares of DICK’S Sporting Goods from $165.00 to $147.00 in a report on Wednesday, March 9th. Wedbush decreased their target price on shares of DICK’S Sporting Goods from $155.00 to $140.00 in a report on Wednesday, January 5th. Finally, Wells Fargo & Company decreased their target price on shares of DICK’S Sporting Goods from $132.00 to $122.00 and set an “equal weight” rating on the stock in a report on Thursday, March 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $135.11.

DICK’S Sporting Goods Company Profile (Get Rating)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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