International Assets Investment Management LLC Sells 207,491 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

International Assets Investment Management LLC trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 99.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the sporting goods retailer’s stock after selling 207,491 shares during the quarter. International Assets Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. ORG Partners LLC boosted its stake in DICK’S Sporting Goods by 37.0% in the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after purchasing an additional 54 shares during the period. CIBC Asset Management Inc boosted its position in shares of DICK’S Sporting Goods by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock valued at $675,000 after acquiring an additional 54 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of DICK’S Sporting Goods by 5.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,907 shares of the sporting goods retailer’s stock valued at $398,000 after acquiring an additional 103 shares during the last quarter. OLD National Bancorp IN boosted its position in shares of DICK’S Sporting Goods by 5.8% during the 3rd quarter. OLD National Bancorp IN now owns 1,903 shares of the sporting goods retailer’s stock valued at $397,000 after acquiring an additional 105 shares during the last quarter. Finally, Townsquare Capital LLC boosted its position in shares of DICK’S Sporting Goods by 9.2% during the 3rd quarter. Townsquare Capital LLC now owns 1,298 shares of the sporting goods retailer’s stock valued at $271,000 after acquiring an additional 109 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Price Performance

DKS opened at $224.79 on Tuesday. DICK’S Sporting Goods, Inc. has a 12-month low of $139.48 and a 12-month high of $239.30. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $215.54 and its 200-day simple moving average is $213.03. The company has a market capitalization of $18.31 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 2.54 and a beta of 1.61.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the company earned $2.85 EPS. The business’s revenue was up .5% compared to the same quarter last year. On average, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DKS. Wedbush reiterated a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Loop Capital increased their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. 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. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $246.10.

Insider Activity at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was 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 directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. 32.03% of the stock is owned by corporate insiders.

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.