Stratos Wealth Partners LTD. Has $274,000 Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Stratos Wealth Partners LTD. reduced its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 68.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,867 shares of the sporting goods retailer’s stock after selling 3,993 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in DICK’S Sporting Goods were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Venture Visionary Partners LLC boosted its holdings in shares of DICK’S Sporting Goods by 10.8% in the 4th quarter. Venture Visionary Partners LLC now owns 28,547 shares of the sporting goods retailer’s stock worth $4,195,000 after acquiring an additional 2,786 shares in the last quarter. Allworth Financial LP lifted its holdings in 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 buying an additional 476 shares in the last quarter. Fulton Bank N.A. lifted its holdings in DICK’S Sporting Goods by 10.9% during the 4th quarter. Fulton Bank N.A. now owns 18,755 shares of the sporting goods retailer’s stock worth $2,756,000 after buying an additional 1,839 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in DICK’S Sporting Goods by 8.4% during the 4th quarter. Arkadios Wealth Advisors now owns 3,528 shares of the sporting goods retailer’s stock worth $518,000 after buying an additional 274 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in DICK’S Sporting Goods during the 4th quarter worth $19,219,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Elizabeth H. Baran sold 2,175 shares of the firm’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 completion of the transaction, the senior vice president now owns 11,051 shares of the company’s stock, valued at approximately $2,450,890.78. The disclosure for this sale can be found here. Insiders sold 209,763 shares of company stock worth $46,483,438 in the last quarter. Corporate insiders own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DKS shares. Gordon Haskett upped their price objective on DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Williams Trading raised DICK’S Sporting Goods from a “hold” rating to a “buy” rating and upped their price objective for the stock from $154.00 to $235.00 in a report on Thursday, March 14th. Telsey Advisory Group increased their price target on DICK’S Sporting Goods from $160.00 to $195.00 and gave the company an “outperform” rating in a research note on Monday, March 11th. Stifel Nicolaus increased their price target on DICK’S Sporting Goods from $126.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, March 15th. Finally, Jefferies Financial Group initiated coverage on DICK’S Sporting Goods in a research note on Friday. They issued a “hold” rating and a $211.00 price target on the stock. Twelve 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, the company has a consensus rating of “Hold” and a consensus price target of $208.64.

DICK’S Sporting Goods Price Performance

DKS stock opened at $198.42 on Tuesday. The stock has a 50-day moving average price of $191.88 and a two-hundred day moving average price of $150.91. The stock has a market cap of $16.36 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 2.46 and a beta of 1.58. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.93 EPS. Equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.29 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $1.10 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.22%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.12%.

DICK’S Sporting Goods Company Profile

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