WINTON GROUP Ltd Has $460,000 Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

WINTON GROUP Ltd decreased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 75.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,012 shares of the sporting goods retailer’s stock after selling 6,314 shares during the quarter. WINTON GROUP Ltd’s holdings in DICK’S Sporting Goods were worth $460,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DKS. Brooklyn Investment Group acquired a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth $27,000. New Wave Wealth Advisors LLC acquired a new stake in DICK’S Sporting Goods during the fourth quarter worth about $28,000. Rialto Wealth Management LLC bought a new position in DICK’S Sporting Goods in the 4th quarter valued at about $30,000. True Wealth Design LLC raised its position in shares of DICK’S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after buying an additional 145 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of DICK’S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock valued at $32,000 after buying an additional 118 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. TD Cowen lifted their price objective on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Truist Financial set a $245.00 price target on DICK’S Sporting Goods in a report on Tuesday, March 11th. Robert W. Baird dropped their price objective on DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Wedbush reiterated a “neutral” rating and issued a $215.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Finally, Citigroup reissued a “neutral” rating and set a $220.00 target price (down previously from $230.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $245.50.

Insider Buying and Selling

In related news, Director Lawrence J. Schorr sold 7,333 shares of the firm’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 completion of the sale, the director now owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock valued at $39,655,456 over the last quarter. Insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Down 3.8 %

Shares of DKS opened at $202.09 on Monday. The stock’s 50-day moving average price is $223.19 and its two-hundred day moving average price is $216.62. DICK’S Sporting Goods, Inc. has a 12 month low of $182.84 and a 12 month high of $254.60. The company has a market capitalization of $16.47 billion, a PE ratio of 14.45, a PEG ratio of 2.47 and a beta of 1.53. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.85 earnings per share. On average, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $1.2125 per share. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.40%. DICK’S Sporting Goods’s dividend payout ratio is 34.54%.

DICK’S Sporting Goods declared that its board has initiated a share buyback plan on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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.