Quent Capital LLC Has $184,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Quent Capital LLC lowered its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 91.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 804 shares of the sporting goods retailer’s stock after selling 8,971 shares during the period. Quent Capital LLC’s holdings in DICK’S Sporting Goods were worth $184,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in DICK’S Sporting Goods by 1.2% in the third 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 last quarter. Charles Schwab Investment Management Inc. increased its holdings in DICK’S Sporting Goods by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after buying an additional 57,672 shares during the last quarter. Geode Capital Management LLC increased its holdings in DICK’S Sporting Goods by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock worth $217,169,000 after buying an additional 10,640 shares during the last quarter. KBC Group NV increased its holdings in DICK’S Sporting Goods by 86.8% in the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer’s stock worth $107,043,000 after buying an additional 217,390 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in DICK’S Sporting Goods in the third quarter worth approximately $70,562,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction 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 transaction, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now owns 8,362,128 shares of the company’s stock, 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. Over the last three months, insiders sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on DKS. TD Cowen increased their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Argus increased their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Wedbush reiterated a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Truist Financial increased their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $248.09.

DICK’S Sporting Goods Stock Down 1.1 %

Shares of DKS stock opened at $241.40 on Thursday. The stock has a market cap of $19.67 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 2.57 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a one year low of $160.31 and a one year high of $254.60. The stock has a fifty day moving average price of $230.53 and a 200 day moving average price of $217.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $2.85 earnings per share. Analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share 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. Shareholders of record on Friday, December 13th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.82%. DICK’S Sporting Goods’s payout ratio is presently 31.45%.

About DICK’S Sporting Goods

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.