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Fiera Capital Corp lessened its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 586,063 shares of the sporting goods retailer’s stock after selling 13,943 shares during the quarter. Fiera Capital Corp owned 0.74% of DICK’S Sporting Goods worth $56,892,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of the company. Byrne Asset Management LLC purchased a new position in DICK’S Sporting Goods in the 2nd quarter valued at approximately $38,000. CoreCap Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth $40,000. Northern Oak Wealth Management Inc. acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth $51,000. Banque Cantonale Vaudoise grew its stake in DICK’S Sporting Goods by 108.1% in the 2nd quarter. Banque Cantonale Vaudoise now owns 747 shares of the sporting goods retailer’s stock valued at $56,000 after acquiring an additional 388 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in DICK’S Sporting Goods by 196.7% in the 2nd quarter. Parallel Advisors LLC now owns 994 shares of the sporting goods retailer’s stock valued at $75,000 after acquiring an additional 659 shares during the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.
Analyst Ratings Changes
DKS has been the subject of a number of analyst reports. Telsey Advisory Group boosted their price target on DICK’S Sporting Goods from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, November 23rd. Gordon Haskett upgraded shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Tuesday, November 22nd. Robert W. Baird upped their target price on DICK’S Sporting Goods from $115.00 to $120.00 in a research note on Tuesday, November 22nd. Stifel Nicolaus raised their target price on shares of DICK’S Sporting Goods from $100.00 to $112.00 in a research report on Wednesday, November 23rd. Finally, Cowen upped their price target on shares of DICK’S Sporting Goods from $150.00 to $155.00 in a research report on Wednesday, November 23rd. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.95.
Insider Transactions at DICK’S Sporting Goods
In other news, EVP Vladimir Rak sold 29,144 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $112.43, for a total value of $3,276,659.92. Following the transaction, the executive vice president now directly owns 48,260 shares in the company, valued at approximately $5,425,871.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Julie Lodge-Jarrett sold 9,139 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $118.00, for a total value of $1,078,402.00. Following the sale, the senior vice president now directly owns 41,048 shares in the company, valued at approximately $4,843,664. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Vladimir Rak sold 29,144 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $112.43, for a total transaction of $3,276,659.92. Following the completion of the sale, the executive vice president now owns 48,260 shares in the company, valued at $5,425,871.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,283 shares of company stock worth $4,475,632. 32.83% of the stock is currently owned by insiders.
DICK’S Sporting Goods Stock Up 0.1 %
NYSE DKS traded up $0.12 during trading hours on Friday, reaching $120.45. 5,170 shares of the company traded hands, compared to its average volume of 1,204,823. DICK’S Sporting Goods, Inc. has a 12 month low of $63.45 and a 12 month high of $131.12. The company has a current ratio of 1.81, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $9.54 billion, a PE ratio of 10.62, a PEG ratio of 2.15 and a beta of 1.40. The company has a 50 day moving average of $117.47 and a two-hundred day moving average of $109.07.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last posted its quarterly earnings data on Tuesday, November 22nd. The sporting goods retailer reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.36. DICK’S Sporting Goods had a net margin of 9.52% and a return on equity of 52.43%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.70 billion. As a group, equities analysts expect that DICK’S Sporting Goods, Inc. will post 11.94 earnings per share for the current year.
DICK’S Sporting Goods Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 9th were given a $0.488 dividend. The ex-dividend date was Thursday, December 8th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.62%. DICK’S Sporting Goods’s payout ratio is currently 17.21%.
About DICK’S Sporting Goods
(Get Rating)
Dick’s Sporting Goods, Inc engages in the retail of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.
Further Reading
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