Vestcor Inc Has $203,000 Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Vestcor Inc lowered its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 37.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 885 shares of the sporting goods retailer’s stock after selling 531 shares during the period. Vestcor Inc’s holdings in DICK’S Sporting Goods were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at about $28,000. Brooklyn Investment Group acquired a new position in shares of DICK’S Sporting Goods during the third quarter valued at about $27,000. Rialto Wealth Management LLC acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth about $30,000. Sound Income Strategies LLC raised its holdings in shares of DICK’S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after acquiring an additional 118 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in shares of DICK’S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Buying and Selling

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

DICK’S Sporting Goods Stock Down 2.2 %

DKS opened at $193.39 on Wednesday. The company has a 50 day moving average of $227.28 and a 200 day moving average of $217.45. The company has a market cap of $15.76 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods, Inc. has a 12 month low of $182.84 and a 12 month high of $254.60. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping the consensus estimate of $3.47 by $0.15. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm earned $3.85 EPS. On average, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods announced that its board has initiated a stock buyback program on Tuesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

DICK’S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $1.2125 dividend. The ex-dividend date 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 yield of 2.51%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 34.54%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DKS shares. Stifel Nicolaus lowered their target price on shares of DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating on the stock in a report on Wednesday, March 12th. Guggenheim restated a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Wedbush restated a “neutral” rating and issued a $215.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Truist Financial set a $245.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, March 11th. Finally, UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $245.50.

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.