DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,606 shares of the sporting goods retailer’s stock after selling 107 shares during the period. Foster & Motley Inc.’s holdings in DICK’S Sporting Goods were worth $6,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in DICK’S Sporting Goods by 1,305.5% in the fourth quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock valued at $870,000 after purchasing an additional 5,496 shares during the period. First Hawaiian Bank bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth approximately $695,000. Pacer Advisors Inc. boosted its stake in DICK’S Sporting Goods by 4.5% during the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock valued at $120,102,000 after purchasing an additional 34,942 shares during the period. Amalgamated Bank grew its position in DICK’S Sporting Goods by 20.2% in the 3rd quarter. Amalgamated Bank now owns 47,899 shares of the sporting goods retailer’s stock valued at $5,201,000 after buying an additional 8,061 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in DICK’S Sporting Goods by 237.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 16,814 shares of the sporting goods retailer’s stock worth $1,802,000 after acquiring an additional 11,832 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 1.8 %

DKS stock traded up $3.59 during trading on Monday, hitting $198.67. 677,257 shares of the stock traded hands, compared to its average volume of 1,192,392. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. The stock has a market cap of $16.38 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 2.36 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $225.79. The firm’s 50 day moving average is $194.84 and its two-hundred day moving average is $153.46.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. On average, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 2.21%. This is a positive change 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%.

Analyst Ratings Changes

DKS has been the topic of several analyst reports. Evercore ISI lifted their target price on shares of DICK’S Sporting Goods from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Stifel Nicolaus raised their price target on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the company a “hold” rating in a report on Friday, March 15th. UBS Group upped their target price on DICK’S Sporting Goods from $142.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Wells Fargo & Company increased their target price on DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, March 15th. Finally, Truist Financial upped their price objective on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $208.64.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $221.78, for a total value of $482,371.50. Following the transaction, the senior vice president now directly owns 11,051 shares in the company, valued at approximately $2,450,890.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $221.78, for a total value of $482,371.50. Following the completion of the transaction, the senior vice president now owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was acquired at an average cost 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 of the company’s stock, valued at approximately $1,886,566,306.95. The disclosure for this purchase can be found here. Insiders have sold 209,763 shares of company stock worth $46,483,438 over the last quarter. Insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods 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.