Advisor Resource Council Cuts Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Advisor Resource Council trimmed its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) by 54.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,007 shares of the sporting goods retailer’s stock after selling 2,424 shares during the quarter. Advisor Resource Council’s holdings in DICK’S Sporting Goods were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DKS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in DICK’S Sporting Goods by 280.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after acquiring an additional 140 shares during the period. Rise Advisors LLC lifted its position in DICK’S Sporting Goods by 163.9% during the 1st quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock worth $57,000 after acquiring an additional 159 shares during the period. Blue Trust Inc. lifted its position in DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after acquiring an additional 206 shares during the period. Capital Analysts LLC lifted its holdings in shares of DICK’S Sporting Goods by 132.5% in the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock valued at $66,000 after buying an additional 257 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of DICK’S Sporting Goods by 2,505.3% in the 4th quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock valued at $73,000 after buying an additional 476 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $200.13 on Friday. The firm has a market capitalization of $16.31 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 2.19 and a beta of 1.65. The business’s fifty day moving average price is $208.93 and its 200 day moving average price is $186.82. 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 12 month low of $100.98 and a 12 month high of $234.47.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last announced its earnings results 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. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the firm posted $3.40 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.40 annualized dividend and a dividend yield of 2.20%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DKS shares. Williams Trading raised DICK’S Sporting Goods from a “hold” rating to a “buy” rating and boosted their price objective for the company from $154.00 to $235.00 in a report on Thursday, March 14th. Citigroup boosted their price objective on DICK’S Sporting Goods from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. boosted their price objective on DICK’S Sporting Goods from $197.00 to $211.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Loop Capital boosted their price objective on DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a report on Monday, March 18th. Finally, TD Cowen boosted their price objective on DICK’S Sporting Goods from $224.00 to $266.00 and gave the company a “buy” rating in a 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $237.09.

Check Out Our Latest Analysis on DICK’S Sporting Goods

Insider Transactions at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at $3,664,218.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 32.03% of the company’s stock.

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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