Fifth Third Wealth Advisors LLC Boosts Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Fifth Third Wealth Advisors LLC increased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,055 shares of the sporting goods retailer’s stock after acquiring an additional 70 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in DICK’S Sporting Goods were worth $470,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DKS. Choreo LLC purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth about $288,000. American Century Companies Inc. boosted its stake in DICK’S Sporting Goods by 10.8% in the second quarter. American Century Companies Inc. now owns 98,745 shares of the sporting goods retailer’s stock worth $21,215,000 after buying an additional 9,642 shares in the last quarter. Envestnet Asset Management Inc. grew its position in DICK’S Sporting Goods by 50.3% during the second quarter. Envestnet Asset Management Inc. now owns 103,200 shares of the sporting goods retailer’s stock valued at $22,173,000 after acquiring an additional 34,532 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of DICK’S Sporting Goods by 15.1% during the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock worth $167,683,000 after acquiring an additional 102,609 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of DICK’S Sporting Goods by 57.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,126 shares of the sporting goods retailer’s stock worth $1,961,000 after acquiring an additional 3,322 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Activity

In related news, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were 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 owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the company’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 transaction, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on DKS shares. Wedbush reaffirmed a “neutral” rating and set a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Truist Financial raised their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Finally, TD Cowen boosted their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $246.10.

DICK’S Sporting Goods Stock Up 0.2 %

NYSE:DKS opened at $226.94 on Friday. 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’s 50-day moving average price is $216.62 and its 200-day moving average price is $213.16. The company has a market capitalization of $18.49 billion, a PE ratio of 16.22, a P/E/G ratio of 2.62 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a 1-year low of $139.75 and a 1-year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last announced 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 business’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.94%. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

DICK’S Sporting Goods Company Profile

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.