Linden Thomas Advisory Services LLC Cuts Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Linden Thomas Advisory Services LLC decreased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,293 shares of the sporting goods retailer’s stock after selling 72 shares during the period. Linden Thomas Advisory Services LLC’s holdings in DICK’S Sporting Goods were worth $1,440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in DICK’S Sporting Goods by 1.2% during the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock worth $473,945,000 after buying an additional 27,155 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of DICK’S Sporting Goods by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after purchasing an additional 57,672 shares during the last quarter. Geode Capital Management LLC increased its position in shares of DICK’S Sporting Goods by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock worth $217,169,000 after purchasing an additional 10,640 shares during the last quarter. Holocene Advisors LP bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth about $70,562,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of DICK’S Sporting Goods by 17.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 285,923 shares of the sporting goods retailer’s stock worth $61,431,000 after purchasing an additional 42,556 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 1.8 %

DKS stock opened at $250.09 on Friday. DICK’S Sporting Goods, Inc. has a 52-week low of $148.95 and a 52-week high of $254.60. The company’s 50 day simple moving average is $221.74 and its 200-day simple moving average is $214.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a market capitalization of $20.37 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.69 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the business earned $2.85 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. As a group, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is presently 31.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DKS shares. Wedbush reissued a “neutral” rating and issued a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their target price on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Loop Capital lifted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $246.57.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the business’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 sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 172,933 shares of company stock valued at $39,655,456. Corporate insiders own 32.03% of the company’s stock.

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.