Chicago Capital LLC Purchases Shares of 19,342 DICK'S Sporting Goods, Inc. (NYSE:DKS)
Chicago Capital LLC purchased a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,342 shares of the sporting goods retailer's stock, valued at approximately $2 Chicago Capital LLC purchased a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, purchasing 19,342 shares worth $2,842,000. The institutional investor also owned a stake in shares of the sporting goods retailer. Other large investors have also bought and sold shares of DKS. Blue Trust Inc. increased its holdings in shares by 236.8% during the fourth quarter and now owns 293 shares of $43,000 after purchasing an additional 206 shares during the period. Money Concepts Capital Corp increased its stake in the retailer by 176.8%. The company recently announced a quarterly dividend of $1.10 per share, which will be paid on Friday, April 12th.
Published : a month ago by MarketBeat in Finance
Chicago Capital LLC purchased a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,342 shares of the sporting goods retailer's stock, valued at approximately $2,842,000.
Several other large investors have also recently bought and sold shares of DKS. Quarry LP bought a new position in DICK'S Sporting Goods in the 2nd quarter valued at about $26,000. Fortis Capital Advisors LLC bought a new position in DICK'S Sporting Goods in the 1st quarter valued at about $28,000. Blue Trust Inc. increased its holdings 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 purchasing an additional 206 shares during the period. UniSuper Management Pty Ltd bought a new position in shares of DICK'S Sporting Goods during the second quarter worth approximately $53,000. Finally, Money Concepts Capital Corp increased its holdings in shares of DICK'S Sporting Goods by 176.8% during the fourth quarter. Money Concepts Capital Corp now owns 562 shares of the sporting goods retailer's stock worth $68,000 after purchasing an additional 359 shares during the period. 89.83% of the stock is owned by institutional investors.
Shares of NYSE DKS opened at $221.85 on Tuesday. DICK'S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $225.79. The firm has a fifty day simple moving average of $180.90 and a 200 day simple moving average of $144.01. The company has a market capitalization of $18.13 billion, a PE ratio of 18.21, a P/E/G ratio of 2.69 and a beta of 1.58. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57.
DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, topping analysts' consensus estimates of $3.35 by $0.50. DICK'S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the firm earned $2.93 earnings per share. DICK'S Sporting Goods's quarterly revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that DICK'S Sporting Goods, Inc. will post 13.41 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is 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 currently 36.12%.
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DKS has been the topic of several recent research reports. Evercore ISI raised their target price on shares of DICK'S Sporting Goods from $200.00 to $240.00 and gave the stock an "outperform" rating in a report on Friday, March 15th. Williams Trading raised shares of DICK'S Sporting Goods from a "hold" rating to a "buy" rating and raised their target price for the stock from $154.00 to $235.00 in a report on Thursday, March 14th. Stifel Nicolaus increased their price target on shares of 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. Telsey Advisory Group increased their price target on shares of DICK'S Sporting Goods from $160.00 to $195.00 and gave the stock an "outperform" rating in a research report on Monday, March 11th. Finally, Barclays increased their price target on shares of DICK'S Sporting Goods from $194.00 to $239.00 and gave the stock an "overweight" rating in a research report on Monday, March 18th. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $205.95.
Check Out Our Latest Stock Analysis on DICK'S Sporting Goods
In related news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the firm's stock in a transaction on Friday, March 15th. The stock was purchased at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the purchase, the insider now owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the firm's stock in a transaction on Friday, March 15th. The stock was purchased at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the purchase, the insider now owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Lauren R. Hobart sold 40,167 shares of DICK'S Sporting Goods stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the completion of the sale, the chief executive officer now directly owns 280,136 shares of the company's stock, valued at $62,736,457.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,763 shares of company stock valued at $46,483,438. Corporate insiders own 30.79% of the company's stock.
DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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