UniSuper Management Pty Ltd Has $252,000 Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

UniSuper Management Pty Ltd lowered its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 56.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,100 shares of the sporting goods retailer’s stock after selling 1,448 shares during the period. UniSuper Management Pty Ltd’s holdings in DICK’S Sporting Goods were worth $252,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC bought a new position in DICK’S Sporting Goods in the 4th quarter valued at approximately $1,893,210,000. Holocene Advisors LP bought a new position in DICK’S Sporting Goods in the 3rd quarter valued at approximately $70,562,000. KBC Group NV boosted its position in DICK’S Sporting Goods by 86.8% during the 4th quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer’s stock worth $107,043,000 after buying an additional 217,390 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in DICK’S Sporting Goods during the 3rd quarter worth approximately $32,093,000. Finally, World Investment Advisors LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at approximately $29,991,000. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $201.90 on Tuesday. The stock has a 50-day moving average of $222.67 and a 200-day moving average of $216.56. DICK’S Sporting Goods, Inc. has a one year low of $182.84 and a one 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. The company has a market cap of $16.45 billion, a PE ratio of 14.43, a P/E/G ratio of 2.47 and a beta of 1.53.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.15. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the firm posted $3.85 earnings per share. The company’s revenue for the quarter 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 announced that its Board of Directors has approved a share buyback program on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $1.2125 per share. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.40%. DICK’S Sporting Goods’s payout ratio is presently 34.54%.

Insider Buying and Selling

In related news, 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 transaction of $36,817,550.00. Following the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on 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 approximately $3,762,746.96. This represents a 23.25 % decrease in their position. 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 quarter. Insiders own 32.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a research report on Friday, March 14th. Citigroup reissued a “neutral” rating and issued a $220.00 price target (down previously from $230.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Robert W. Baird reduced their target price on DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Guggenheim reissued a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.50.

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.