UniSuper Management Pty Ltd Has $252,000 Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

UniSuper Management Pty Ltd cut its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 56.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,100 shares of the sporting goods retailer’s stock after selling 1,448 shares during the quarter. UniSuper Management Pty Ltd’s holdings in DICK’S Sporting Goods were worth $252,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. New Wave Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in DICK’S Sporting Goods in the 4th quarter worth $30,000. Sound Income Strategies LLC increased its holdings in DICK’S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 118 shares in the last quarter. True Wealth Design LLC raised its stake in shares of DICK’S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after purchasing an additional 145 shares during the period. Finally, Promus Capital LLC bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at about $48,000. 89.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on DKS. Loop Capital cut their target price on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating on the stock in a research note on Thursday, March 13th. DA Davidson reduced their target price on shares of DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Robert W. Baird lowered their price target on shares of DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Telsey Advisory Group restated an “outperform” rating and set a $250.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, March 14th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $215.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average price target of $245.50.

DICK’S Sporting Goods Stock Down 0.0 %

Shares of DKS opened at $201.90 on Tuesday. The firm has a market cap of $16.45 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. DICK’S Sporting Goods, Inc. has a 52 week low of $182.84 and a 52 week high of $254.60. The firm’s 50-day simple moving average is $222.67 and its 200 day simple moving average is $216.56.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $3.85 earnings per share. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $1.2125 per share. The ex-dividend date is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 34.54%.

DICK’S Sporting Goods declared that its board has approved a stock repurchase plan on Tuesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 172,933 shares of company stock worth $39,655,456. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.