Bremer Bank National Association Sells 314 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Bremer Bank National Association lessened its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,409 shares of the sporting goods retailer’s stock after selling 314 shares during the quarter. DICK’S Sporting Goods accounts for approximately 1.2% of Bremer Bank National Association’s portfolio, making the stock its 29th largest position. Bremer Bank National Association’s holdings in DICK’S Sporting Goods were worth $6,043,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kerusso Capital Management LLC bought a new stake in DICK’S Sporting Goods during the 3rd quarter valued at $1,554,000. National Pension Service bought a new stake in DICK’S Sporting Goods during the 3rd quarter valued at $4,195,000. Marion Wealth Management bought a new stake in DICK’S Sporting Goods during the 4th quarter valued at $545,000. Strategy Asset Managers LLC bought a new stake in DICK’S Sporting Goods during the 3rd quarter valued at $4,325,000. Finally, Landscape Capital Management L.L.C. increased its stake in DICK’S Sporting Goods by 402.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock valued at $3,202,000 after purchasing an additional 12,293 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $228.09 on Monday. The company has a market cap of $18.58 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.62 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a 52 week low of $141.02 and a 52 week high of $239.30. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $217.66 and its two-hundred day simple moving average is $213.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 earnings per share. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

Analyst Ratings Changes

A number of equities analysts have issued reports on DKS shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Truist Financial lifted their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Wedbush reaffirmed a “neutral” rating and set a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Finally, Loop Capital lifted their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average target price of $246.10.

Insider Activity

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the transaction, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 32.03% of the company’s stock.

About DICK’S Sporting Goods

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.