Laraway Financial Inc Purchases Shares of 3,380 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Laraway Financial Inc acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,380 shares of the sporting goods retailer’s stock, valued at approximately $388,000.

Other institutional investors also recently made changes to their positions in the company. Squarepoint Ops LLC raised its position in shares of DICK’S Sporting Goods by 453.6% in the 3rd quarter. Squarepoint Ops LLC now owns 300,484 shares of the sporting goods retailer’s stock valued at $35,989,000 after purchasing an additional 246,201 shares during the last quarter. Sepio Capital LP raised its position in shares of DICK’S Sporting Goods by 21.0% in the 4th quarter. Sepio Capital LP now owns 32,564 shares of the sporting goods retailer’s stock valued at $3,745,000 after purchasing an additional 5,654 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $14,713,000. Aviva PLC purchased a new position in shares of DICK’S Sporting Goods in the 3rd quarter valued at approximately $1,447,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of DICK’S Sporting Goods by 225.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 123,371 shares of the sporting goods retailer’s stock valued at $14,184,000 after purchasing an additional 85,459 shares during the last quarter. 78.92% of the stock is owned by hedge funds and other institutional investors.

In other DICK’S Sporting Goods news, EVP Lee J. Belitsky sold 36,473 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $111.25, for a total value of $4,057,621.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Navdeep Gupta sold 9,614 shares of the business’s stock in a transaction dated Friday, April 8th. The stock was 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 directly owns 95,272 shares of the company’s stock, valued at $9,920,673.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 190,886 shares of company stock valued at $20,211,002. 32.83% of the stock is currently owned by corporate insiders.

Several brokerages recently weighed in on DKS. Zacks Investment Research downgraded shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $108.00 price target on the stock. in a report on Monday, May 2nd. Stephens cut their price target 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. Barclays cut their price target on shares of DICK’S Sporting Goods from $147.00 to $134.00 in a report on Friday, April 1st. Citigroup increased their price target on shares of DICK’S Sporting Goods from $161.00 to $170.00 in a report on Wednesday, March 9th. Finally, DA Davidson cut their price target on shares of DICK’S Sporting Goods from $165.00 to $147.00 in a report on Wednesday, March 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $137.11.

Shares of NYSE DKS traded up $1.11 during trading on Thursday, hitting $80.43. 110,280 shares of the company were exchanged, compared to its average volume of 1,408,042. The company has a fifty day moving average price of $101.82 and a 200-day moving average price of $110.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.88. The firm has a market capitalization of $6.42 billion, a PE ratio of 5.67, a P/E/G ratio of 1.43 and a beta of 1.60. DICK’S Sporting Goods, Inc. has a 12-month low of $77.30 and a 12-month high of $147.39.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last issued its quarterly earnings data on Tuesday, March 8th. The sporting goods retailer reported $3.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.54 by $0.10. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.31 billion. DICK’S Sporting Goods had a return on equity of 60.28% and a net margin of 12.36%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $2.43 EPS. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 12.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 18th were given a $0.488 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, March 17th. DICK’S Sporting Goods’s payout ratio is currently 14.05%.

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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