Xponance Inc. Sells 97 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Xponance Inc. cut its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,862 shares of the sporting goods retailer’s stock after selling 97 shares during the quarter. Xponance Inc.’s holdings in DICK’S Sporting Goods were worth $1,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DKS. Blue Trust Inc. increased its holdings in shares of DICK’S Sporting Goods by 236.8% during the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock valued at $43,000 after acquiring an additional 206 shares in the last quarter. Capital Analysts LLC increased its holdings in shares of DICK’S Sporting Goods by 132.5% during the fourth quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock valued at $66,000 after acquiring an additional 257 shares in the last quarter. Allworth Financial LP increased its holdings in shares of DICK’S Sporting Goods by 2,505.3% during the fourth quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock valued at $73,000 after acquiring an additional 476 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of DICK’S Sporting Goods by 36.0% during the third quarter. Fifth Third Bancorp now owns 688 shares of the sporting goods retailer’s stock valued at $75,000 after acquiring an additional 182 shares in the last quarter. Finally, Byrne Asset Management LLC increased its holdings in shares of DICK’S Sporting Goods by 40.9% during the third quarter. Byrne Asset Management LLC now owns 775 shares of the sporting goods retailer’s stock valued at $84,000 after acquiring an additional 225 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Down 0.2 %

DKS stock opened at $205.59 on Thursday. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $225.79. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The stock has a market cap of $16.95 billion, a P/E ratio of 16.88, a PEG ratio of 2.41 and a beta of 1.58. The business’s 50-day moving average price is $197.07 and its 200-day moving average price is $155.22.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the firm earned $2.93 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 2.14%. DICK’S Sporting Goods’s payout ratio is currently 36.12%.

Insider Buying and Selling

In related news, SVP Elizabeth H. Baran sold 2,175 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was 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 of the company’s stock, valued at approximately $2,450,890.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of DICK’S Sporting Goods stock in a transaction that occurred on 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 sale, the chief executive officer now owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the completion of the sale, the senior vice president now directly owns 11,051 shares in the company, valued at approximately $2,450,890.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,763 shares of company stock valued at $46,483,438. Corporate insiders own 30.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on DKS shares. TD Cowen lifted their price objective on DICK’S Sporting Goods from $177.00 to $226.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Stifel Nicolaus lifted their price objective on DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Loop Capital lifted their price objective on DICK’S Sporting Goods from $150.00 to $220.00 and gave the stock a “hold” rating in a report on Monday, March 18th. Wells Fargo & Company lifted their price objective on DICK’S Sporting Goods from $175.00 to $210.00 and gave the stock an “equal weight” rating in a report on Friday, March 15th. Finally, The Goldman Sachs Group lifted their price objective on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $208.64.

DICK’S Sporting Goods Company 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.