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

Xponance Inc. cut its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,862 shares of the sporting goods retailer’s stock after selling 97 shares during the period. Xponance Inc.’s holdings in DICK’S Sporting Goods were worth $1,155,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DKS. CWM LLC increased its holdings in shares of DICK’S Sporting Goods by 31.5% in the third quarter. CWM LLC now owns 6,404 shares of the sporting goods retailer’s stock valued at $695,000 after purchasing an additional 1,533 shares during the period. AE Wealth Management LLC grew its holdings in DICK’S Sporting Goods by 16.9% during the third quarter. AE Wealth Management LLC now owns 2,352 shares of the sporting goods retailer’s stock worth $255,000 after acquiring an additional 340 shares during the period. Global Retirement Partners LLC grew its holdings in DICK’S Sporting Goods by 116.1% during the third quarter. Global Retirement Partners LLC now owns 1,662 shares of the sporting goods retailer’s stock worth $174,000 after acquiring an additional 893 shares during the period. DAVENPORT & Co LLC acquired a new stake in DICK’S Sporting Goods during the third quarter worth about $299,000. Finally, Hennessy Advisors Inc. grew its holdings in DICK’S Sporting Goods by 34.9% during the third quarter. Hennessy Advisors Inc. now owns 157,600 shares of the sporting goods retailer’s stock worth $17,112,000 after acquiring an additional 40,800 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on DKS. DA Davidson raised their target price on DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Loop Capital raised their target price 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 raised their target price 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. Wedbush raised their target price on DICK’S Sporting Goods from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Finally, Truist Financial raised their target price on DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $208.64.

DICK’S Sporting Goods Price Performance

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

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. The business 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 period in the previous year, the firm posted $2.93 earnings per share. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.26 EPS 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 issued a $1.10 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis and a yield of 2.14%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.12%.

Insider Activity at DICK’S Sporting Goods

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

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.