Vinva Investment Management Ltd Has $796,000 Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Vinva Investment Management Ltd trimmed its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 47.5% during the fourth quarter, Holdings Channel reports. The fund owned 3,434 shares of the sporting goods retailer’s stock after selling 3,108 shares during the quarter. Vinva Investment Management Ltd’s holdings in DICK’S Sporting Goods were worth $796,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DKS. Wealthfront Advisers LLC bought a new position in shares of 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 worth approximately $70,562,000. KBC Group NV increased its position in 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 buying an additional 217,390 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in DICK’S Sporting Goods by 1,718.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock worth $41,740,000 after buying an additional 189,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in DICK’S Sporting Goods in the 3rd quarter worth approximately $32,093,000. 89.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DKS has been the topic of several recent analyst reports. Morgan Stanley lifted their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Loop Capital lowered their price objective on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating on the stock in a research report on Thursday, March 13th. Wedbush restated a “neutral” rating and set a $215.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Telsey Advisory Group restated an “outperform” rating and set a $250.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, March 14th. Finally, Citigroup restated a “neutral” rating and set a $220.00 price objective (down from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.50.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $191.25 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The firm has a market cap of $15.58 billion, a P/E ratio of 13.67, a P/E/G ratio of 2.47 and a beta of 1.53. The business’s fifty day moving average is $225.77 and its two-hundred day moving average is $217.13. DICK’S Sporting Goods, Inc. has a 52 week low of $182.84 and a 52 week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.85 earnings per share. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s dividend payout ratio is 34.54%.

DICK’S Sporting Goods announced that its board has approved a share repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction on 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 $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock valued at $39,655,456 over the last 90 days. 32.03% of the stock is owned by company insiders.

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.