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

Stratos Wealth Partners LTD. lessened its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 68.1% during the fourth quarter, HoldingsChannel reports. The fund 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DKS. SG Americas Securities LLC increased its stake in DICK’S Sporting Goods by 1,305.5% in the 4th quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock valued at $870,000 after buying an additional 5,496 shares during the last quarter. First Hawaiian Bank purchased a new stake in DICK’S Sporting Goods in the 4th quarter valued at about $695,000. Pacer Advisors Inc. increased its stake in DICK’S Sporting Goods by 4.5% in the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock valued at $120,102,000 after buying an additional 34,942 shares during the last quarter. Amalgamated Bank increased its stake 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 during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in DICK’S Sporting Goods by 237.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 16,814 shares of the sporting goods retailer’s stock valued at $1,802,000 after buying an additional 11,832 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 2.3 %

DKS opened at $198.42 on Tuesday. The company has a fifty day moving average price of $191.88 and a 200-day moving average price of $150.91. The firm has a market capitalization of $16.36 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 2.46 and a beta of 1.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.93 EPS. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.29 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently announced 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 is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 2.22%. DICK’S Sporting Goods’s payout ratio is 36.12%.

Wall Street Analyst Weigh In

DKS has been the subject of several research analyst reports. Robert W. Baird raised their price target on shares of DICK’S Sporting Goods from $145.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Gordon Haskett raised their price target on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Truist Financial raised their price target on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. The Goldman Sachs Group raised their price target on shares of DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, Oppenheimer raised their price target on shares of DICK’S Sporting Goods from $190.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Hold” and a consensus price target of $208.64.

Insider Buying and Selling

In related news, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the transaction, the insider now owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the transaction, the insider now owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward W. Stack sold 151,210 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the completion of the transaction, the chairman now owns 10,899,110 shares of the company’s stock, valued at $2,407,940,372.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 209,763 shares of company stock worth $46,483,438. Corporate 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 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.