Vaughan Nelson Investment Management L.P. Purchases New Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Vaughan Nelson Investment Management L.P. acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 103,970 shares of the sporting goods retailer’s stock, valued at approximately $23,791,000. Vaughan Nelson Investment Management L.P. owned approximately 0.13% of DICK’S Sporting Goods at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Greenleaf Trust raised its holdings in DICK’S Sporting Goods by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock valued at $394,000 after acquiring an additional 50 shares during the last quarter. ORG Partners LLC grew its position in shares of DICK’S Sporting Goods by 37.0% in the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock valued at $42,000 after purchasing an additional 54 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of DICK’S Sporting Goods by 1.7% in the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock valued at $675,000 after purchasing an additional 54 shares during the last quarter. Stonegate Investment Group LLC lifted its position in DICK’S Sporting Goods by 2.9% during the fourth quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock worth $473,000 after buying an additional 58 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in DICK’S Sporting Goods by 3.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer’s stock worth $470,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 2.6 %

Shares of NYSE DKS opened at $233.99 on Monday. The business has a 50-day moving average of $228.82 and a two-hundred day moving average of $217.06. The company has a market capitalization of $19.06 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 1 year low of $156.65 and a 1 year high of $254.60. 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 posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.85 earnings per share. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. TD Cowen raised their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Argus increased their target price on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Morgan Stanley lifted their target price on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average price target of $248.09.

Insider Buying and Selling

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

DICK’S Sporting Goods Company 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.