Fort Washington Investment Advisors Inc. OH Cuts Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Fort Washington Investment Advisors Inc. OH trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,707 shares of the sporting goods retailer’s stock after selling 260 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in DICK’S Sporting Goods were worth $391,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of DICK’S Sporting Goods during the third quarter worth about $27,000. ORG Wealth Partners LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at about $30,000. True Wealth Design LLC increased its position in DICK’S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after purchasing an additional 145 shares during the period. UMB Bank n.a. increased its position in DICK’S Sporting Goods by 454.8% during the 3rd quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer’s stock worth $36,000 after purchasing an additional 141 shares during the period. Finally, ORG Partners LLC increased its position in DICK’S Sporting Goods by 37.0% during the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after purchasing an additional 54 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Up 4.2 %

Shares of NYSE:DKS opened at $246.46 on Friday. The company has a 50 day moving average price of $220.70 and a two-hundred day moving average price of $214.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. DICK’S Sporting Goods, Inc. has a 52 week low of $148.92 and a 52 week high of $246.74. The company has a market capitalization of $20.08 billion, a PE ratio of 17.62, a PEG ratio of 2.67 and a beta of 1.58.

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

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Insider Activity

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction that occurred on 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. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Truist Financial increased their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Morgan Stanley increased their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Loop Capital raised their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $246.57.

DICK’S Sporting Goods Company Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.