Castle Creek Arbitrage LLC cut its position in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 50.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,500 shares of the sporting goods retailer’s stock after selling 12,500 shares during the period. Castle Creek Arbitrage LLC’s holdings in Dick’s Sporting Goods were worth $664,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Night Square Capital Partners LP purchased a new stake in shares of Dick’s Sporting Goods during the fourth quarter worth $16,775,000. Davy Asset Management Ltd boosted its stake in shares of Dick’s Sporting Goods by 5.4% in the fourth quarter. Davy Asset Management Ltd now owns 17,991 shares of the sporting goods retailer’s stock worth $1,097,000 after buying an additional 925 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Dick’s Sporting Goods by 15.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,235 shares of the sporting goods retailer’s stock worth $861,000 after buying an additional 2,134 shares in the last quarter. Tyers Asset Management LLC purchased a new stake in shares of Dick’s Sporting Goods during the fourth quarter worth $927,000. Finally, Arrowpoint Asset Management LLC boosted its stake in shares of Dick’s Sporting Goods by 13.8% in the fourth quarter. Arrowpoint Asset Management LLC now owns 1,034,351 shares of the sporting goods retailer’s stock worth $54,924,000 after buying an additional 125,293 shares in the last quarter. Institutional investors own 71.76% of the company’s stock.

Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

Dick’s Sporting Goods Inc (NYSE:DKS) traded down 2.75% during trading on Thursday, reaching $48.50. The company had a trading volume of 4,526,221 shares. The stock has a 50 day moving average price of $52.45 and a 200 day moving average price of $56.33. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 16.79 and a beta of 0.65. Dick’s Sporting Goods Inc has a 12 month low of $37.94 and a 12 month high of $62.88.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $0.68 annualized dividend and a yield of 1.40%. This is an increase from Dick’s Sporting Goods’s previous quarterly dividend of $0.15. Dick’s Sporting Goods’s payout ratio is presently 21.11%.

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A number of research analysts have recently issued reports on the company. Deutsche Bank AG reissued a “buy” rating on shares of Dick’s Sporting Goods in a report on Thursday. Goldman Sachs Group, Inc. (The) raised Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the company from $51.31 to $62.00 in a report on Monday, January 30th. Zacks Investment Research raised Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Wednesday, January 18th. Forward View set a $59.00 target price on Dick’s Sporting Goods and gave the company a “buy” rating in a report on Monday, January 16th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $66.00 target price (down previously from $68.00) on shares of Dick’s Sporting Goods in a report on Wednesday, December 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $61.60.

In other Dick’s Sporting Goods news, EVP Lauren R. Hobart sold 24,015 shares of Dick’s Sporting Goods stock in a transaction on Friday, November 18th. The stock was sold at an average price of $58.45, for a total transaction of $1,403,676.75. Following the sale, the executive vice president now owns 57,930 shares of the company’s stock, valued at approximately $3,386,008.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.96% of the stock is owned by insiders.

Dick’s Sporting Goods Company Profile

DICK’S Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

5 Day Chart for NYSE:DKS

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