DICK’S Sporting Goods, Inc. (NYSE:DKS) Position Boosted by Eudaimonia Partners LLC

Eudaimonia Partners LLC grew its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) by 40.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,711 shares of the sporting goods retailer’s stock after purchasing an additional 5,426 shares during the period. Eudaimonia Partners LLC’s holdings in DICK’S Sporting Goods were worth $2,750,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in shares of DICK’S Sporting Goods by 1,305.5% during the 4th quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock valued at $870,000 after purchasing an additional 5,496 shares in the last quarter. Todd Asset Management LLC boosted its position in shares of DICK’S Sporting Goods by 129.6% during the 4th quarter. Todd Asset Management LLC now owns 144,050 shares of the sporting goods retailer’s stock valued at $21,168,000 after purchasing an additional 81,313 shares in the last quarter. First Hawaiian Bank purchased a new stake in DICK’S Sporting Goods during the fourth quarter valued at about $695,000. National Bank of Canada FI lifted its stake in DICK’S Sporting Goods by 1,313.0% during the fourth quarter. National Bank of Canada FI now owns 13,989 shares of the sporting goods retailer’s stock valued at $2,042,000 after buying an additional 12,999 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in DICK’S Sporting Goods by 4.5% during the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock valued at $120,102,000 after buying an additional 34,942 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

DKS has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, March 15th. DA Davidson upped their price objective on shares of DICK’S Sporting Goods from $183.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Wells Fargo & Company upped their price objective on shares of DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, March 15th. Wedbush upped their price objective on shares of DICK’S Sporting Goods from $160.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Finally, Jefferies Financial Group assumed coverage on shares of DICK’S Sporting Goods in a research note on Friday, April 12th. They set a “hold” rating and a $211.00 price objective for the company. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Hold” and an average target price of $208.27.

Get Our Latest Stock Analysis on DKS

Insider Buying and Selling

In related news, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total value of $8,995,399.65. Following the transaction, the chief executive officer now directly owns 280,136 shares in the company, valued at $62,736,457.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Lauren R. Hobart sold 40,167 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, March 21st. The stock was 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 in the company, valued at approximately $62,736,457.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the acquisition, the insider now directly owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The disclosure for this purchase can be found here. Insiders sold 209,763 shares of company stock worth $46,483,438 in the last 90 days. 32.03% of the stock is owned by company insiders.

DICK’S Sporting Goods Stock Up 0.2 %

Shares of NYSE DKS traded up $0.46 during mid-day trading on Wednesday, reaching $200.95. 604,009 shares of the company traded hands, compared to its average volume of 1,120,193. 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 stock has a market cap of $16.57 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 2.36 and a beta of 1.61. The company’s fifty day moving average is $205.05 and its two-hundred day moving average is $165.04. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $225.79.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last announced its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the company earned $2.93 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts expect that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.19%. 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%.

DICK’S Sporting Goods Company Profile

(Free Report)

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.

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

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