CIBC Asset Management Inc Sells 189 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

CIBC Asset Management Inc trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,375 shares of the sporting goods retailer’s stock after selling 189 shares during the quarter. CIBC Asset Management Inc’s holdings in DICK’S Sporting Goods were worth $496,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. TFO Wealth Partners LLC grew its stake in shares of DICK’S Sporting Goods by 37,250.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,241 shares of the sporting goods retailer’s stock valued at $329,000 after purchasing an additional 2,235 shares during the period. SG Americas Securities LLC grew its stake in shares of DICK’S Sporting Goods by 1,305.5% during the 4th 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. Todd Asset Management LLC grew its stake in shares of DICK’S Sporting Goods by 129.6% during the 4th quarter. Todd Asset Management LLC now owns 144,050 shares of the sporting goods retailer’s stock valued at $21,168,000 after purchasing an additional 81,313 shares during the period. Franklin Resources Inc. grew its stake in shares of DICK’S Sporting Goods by 22.0% during the 4th quarter. Franklin Resources Inc. now owns 118,140 shares of the sporting goods retailer’s stock valued at $17,361,000 after purchasing an additional 21,342 shares during the period. Finally, First Hawaiian Bank bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at about $695,000. 89.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DKS shares. Truist Financial boosted their price target on DICK’S Sporting Goods from $243.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Oppenheimer lifted their price objective on DICK’S Sporting Goods from $240.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Citigroup lifted their price objective on DICK’S Sporting Goods from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. UBS Group lifted their price objective on DICK’S Sporting Goods from $215.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Finally, Stifel Nicolaus lifted their price objective on DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $237.09.

Read Our Latest Analysis on DICK’S Sporting Goods

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $216.23 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 0.65. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $229.56. The stock’s 50 day simple moving average is $203.87 and its two-hundred day simple moving average is $176.33. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.58 and a beta of 1.62.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last released its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.36. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.40 EPS. As a group, equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, June 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

Insider Activity

In other news, CEO Lauren R. Hobart sold 40,167 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the transaction, 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 the SEC website. In other news, CEO Lauren R. Hobart sold 40,167 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the transaction, 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 the SEC website. Also, SVP Elizabeth H. Baran sold 2,175 shares of the company’s 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 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 90 days, insiders have sold 214,673 shares of company stock valued at $47,573,557. 32.03% of the stock is currently owned by insiders.

About DICK’S Sporting Goods

(Free Report)

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.

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Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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