Hager Investment Management Services LLC Takes Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Hager Investment Management Services LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,786 shares of the sporting goods retailer’s stock, valued at approximately $866,000.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of DICK’S Sporting Goods by 1.2% in the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock worth $473,945,000 after purchasing an additional 27,155 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of DICK’S Sporting Goods by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after purchasing an additional 57,672 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock worth $217,169,000 after purchasing an additional 10,640 shares during the last quarter. KBC Group NV lifted its holdings in shares of DICK’S Sporting Goods by 86.8% in the 4th quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer’s stock worth $107,043,000 after purchasing an additional 217,390 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth approximately $70,562,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the transaction, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $238.12 on Wednesday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $152.42 and a fifty-two week high of $254.60. The business has a 50-day moving average of $227.23 and a two-hundred day moving average of $216.34. The stock has a market capitalization of $19.40 billion, a P/E ratio of 17.02, a P/E/G ratio of 2.73 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the firm earned $2.85 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.85%. DICK’S Sporting Goods’s payout ratio is presently 31.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DKS shares. Wedbush reiterated a “neutral” rating and set a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Loop Capital lifted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. TD Cowen lifted their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $248.09.

About DICK’S Sporting Goods

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.