Yousif Capital Management LLC Lowers Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Yousif Capital Management LLC trimmed its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,607 shares of the sporting goods retailer’s stock after selling 592 shares during the quarter. Yousif Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $4,351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DKS. GAMMA Investing LLC purchased a new position in DICK’S Sporting Goods in the 4th quarter worth approximately $96,000. Linden Thomas Advisory Services LLC grew its position in DICK’S Sporting Goods by 1.8% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,479 shares of the sporting goods retailer’s stock worth $952,000 after acquiring an additional 113 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in DICK’S Sporting Goods by 280.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock valued at $28,000 after acquiring an additional 140 shares during the last quarter. Larson Financial Group LLC raised its position in DICK’S Sporting Goods by 51.4% during the fourth quarter. Larson Financial Group LLC now owns 1,199 shares of the sporting goods retailer’s stock valued at $176,000 after purchasing an additional 407 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in DICK’S Sporting Goods during the fourth quarter valued at about $47,196,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the completion of the transaction, the chairman now owns 10,899,110 shares of the company’s stock, valued at $2,407,940,372.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Edward W. Stack sold 151,210 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the sale, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total value of $8,995,399.65. Following the transaction, the chief executive officer now directly owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The disclosure for this sale can be found here. Insiders have sold a total of 209,763 shares of company stock valued at $46,483,438 over the last ninety days. Company insiders own 30.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DKS shares. Gordon Haskett increased their price objective on DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Wedbush lifted their price target on shares of DICK’S Sporting Goods from $160.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Robert W. Baird upped their price objective on shares of DICK’S Sporting Goods from $145.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Truist Financial lifted their target price on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Finally, Morgan Stanley upped their price target on shares of DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $208.64.

DICK’S Sporting Goods Stock Up 1.4 %

Shares of NYSE DKS opened at $207.12 on Friday. The firm has a fifty day simple moving average of $198.51 and a two-hundred day simple moving average of $156.27. The firm has a market capitalization of $17.08 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.58. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. DICK’S Sporting Goods’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.93 earnings per share. Equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 2.12%. DICK’S Sporting Goods’s payout ratio is currently 36.12%.

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.