Johnson Financial Group Inc. Has $431,000 Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Johnson Financial Group Inc. decreased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 43.3% during the 4th quarter, Holdings Channel reports. The firm owned 2,930 shares of the sporting goods retailer’s stock after selling 2,237 shares during the period. Johnson Financial Group Inc.’s holdings in DICK’S Sporting Goods were worth $431,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DKS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of DICK’S Sporting Goods by 280.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after acquiring an additional 140 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after acquiring an additional 206 shares during the last quarter. Capital Analysts LLC increased its holdings in shares of DICK’S Sporting Goods by 132.5% during the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after acquiring an additional 257 shares during the last quarter. Allworth Financial LP increased its holdings in shares of DICK’S Sporting Goods by 2,505.3% during the 4th quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock worth $73,000 after acquiring an additional 476 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $89,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DKS. DA Davidson boosted their target price on DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, March 15th. TD Cowen decreased their price objective on DICK’S Sporting Goods from $226.00 to $224.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. Evercore ISI upped their price objective on DICK’S Sporting Goods from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Gordon Haskett upped their price objective on DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Wells Fargo & Company upped their price objective on DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Hold” and an average target price of $210.45.

Insider Buying and Selling

In related news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was 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 owns 280,136 shares of the company’s stock, valued at $62,736,457.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were acquired at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the acquisition, the insider now owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total value of $8,995,399.65. Following the completion of the transaction, the chief executive officer now owns 280,136 shares in the company, valued at approximately $62,736,457.20. The disclosure for this sale can be found here. Insiders sold 209,763 shares of company stock valued at $46,483,438 over the last 90 days. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Trading Up 1.8 %

Shares of DKS stock traded up $3.37 on Friday, hitting $189.97. The company had a trading volume of 894,243 shares, compared to its average volume of 846,695. The firm has a market cap of $15.66 billion, a P/E ratio of 15.60, a P/E/G ratio of 2.32 and a beta of 1.61. The stock’s 50-day moving average is $204.88 and its two-hundred day moving average is $168.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the firm posted $2.93 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 2.32%. This is a boost 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%.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.