IFM Investors Pty Ltd Has $2.51 Million Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

IFM Investors Pty Ltd reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 11,147 shares of the sporting goods retailer’s stock after selling 417 shares during the period. IFM Investors Pty Ltd’s holdings in DICK’S Sporting Goods were worth $2,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in DICK’S Sporting Goods by 280.0% in the fourth 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. Blue Trust Inc. raised its stake in shares of DICK’S Sporting Goods by 236.8% during the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after buying an additional 206 shares during the last quarter. Rise Advisors LLC boosted its stake in DICK’S Sporting Goods by 163.9% in the first quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock valued at $57,000 after acquiring an additional 159 shares during the last quarter. Capital Analysts LLC grew its holdings in DICK’S Sporting Goods by 132.5% during the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after acquiring an additional 257 shares during the period. Finally, Allworth Financial LP raised its position in shares of DICK’S Sporting Goods by 2,505.3% during the 4th quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock valued at $73,000 after acquiring an additional 476 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DKS. Stifel Nicolaus raised their price target on DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. DA Davidson boosted their target price on DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Morgan Stanley increased their price target on shares of DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Jefferies Financial Group started coverage on shares of DICK’S Sporting Goods in a report on Friday, April 12th. They set a “hold” rating and a $211.00 price objective for the company. Finally, Loop Capital lifted their price target on shares of DICK’S Sporting Goods from $150.00 to $220.00 and gave the stock a “hold” rating in a research report on Monday, March 18th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $208.64.

DICK’S Sporting Goods Stock Up 1.4 %

DICK’S Sporting Goods stock traded up $2.91 during mid-day trading on Friday, reaching $207.12. The company’s stock had a trading volume of 595,204 shares, compared to its average volume of 914,129. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $225.79. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. The business’s 50 day simple moving average is $198.51 and its 200 day simple moving average is $156.27.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.50. The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.93 EPS. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.12%.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Navdeep Gupta sold 16,211 shares of DICK’S Sporting Goods stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $222.00, for a total transaction of $3,598,842.00. Following the completion of the sale, the chief financial officer now owns 87,628 shares of the company’s stock, valued at approximately $19,453,416. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Elizabeth H. Baran sold 2,175 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the transaction, the senior vice president now owns 11,051 shares in the company, valued at approximately $2,450,890.78. The disclosure for this sale can be found here. Insiders have sold 209,763 shares of company stock worth $46,483,438 in the last ninety days. Insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Company Profile

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.