DICK’S Sporting Goods, Inc. (NYSE:DKS) Position Decreased by Diversified Investment Strategies LLC

Diversified Investment Strategies LLC decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,450 shares of the sporting goods retailer’s stock after selling 3,520 shares during the quarter. DICK’S Sporting Goods accounts for approximately 6.4% of Diversified Investment Strategies LLC’s portfolio, making the stock its 5th largest position. Diversified Investment Strategies LLC owned about 0.05% of DICK’S Sporting Goods worth $9,943,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Toronto Dominion Bank lifted its holdings in DICK’S Sporting Goods by 2.1% in the 2nd quarter. Toronto Dominion Bank now owns 5,672 shares of the sporting goods retailer’s stock worth $1,219,000 after buying an additional 116 shares during the period. AXA S.A. bought a new position in shares of DICK’S Sporting Goods during the second quarter valued at $646,000. APG Asset Management N.V. raised its holdings in DICK’S Sporting Goods by 313.3% in the second quarter. APG Asset Management N.V. now owns 6,200 shares of the sporting goods retailer’s stock worth $1,243,000 after buying an additional 4,700 shares during the last quarter. MBB Public Markets I LLC purchased a new position in DICK’S Sporting Goods in the 2nd quarter worth approximately $1,010,000. Finally, Creative Planning lifted its holdings in shares of DICK’S Sporting Goods by 2.6% during the second quarter. Creative Planning now owns 16,775 shares of the sporting goods retailer’s stock valued at $3,604,000 after purchasing an additional 425 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Up 1.5 %

DICK’S Sporting Goods stock opened at $250.02 on Wednesday. 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 business has a 50 day simple moving average of $223.65 and a 200-day simple moving average of $215.44. The stock has a market capitalization of $20.37 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 2.69 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a 12 month low of $148.95 and a 12 month high of $254.60.

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 the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $2.85 earnings per share. On average, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DKS shares. Loop Capital raised their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their target price for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Truist Financial upped 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. Finally, Wedbush restated 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. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.09.

Insider Activity

In related news, Chairman Edward W. Stack sold 160,600 shares of the 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 transaction, the chairman now directly 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $1,697,956.15. Following the transaction, the director now owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 in the last quarter. Insiders own 32.03% of the company’s stock.

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.