Hennion & Walsh Asset Management Inc. Sells 5,225 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Hennion & Walsh Asset Management Inc. reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 25.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,380 shares of the sporting goods retailer’s stock after selling 5,225 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $3,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Choreo LLC acquired a new position in DICK’S Sporting Goods during the 2nd quarter worth approximately $288,000. American Century Companies Inc. lifted its position in shares of 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 purchasing an additional 9,642 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings 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 worth $22,173,000 after purchasing an additional 34,532 shares during the last quarter. Dimensional Fund Advisors LP grew its position in DICK’S Sporting Goods by 15.1% in the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock valued at $167,683,000 after purchasing an additional 102,609 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in 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 valued at $1,961,000 after buying an additional 3,322 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Loop Capital increased their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note 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 research report on Wednesday, November 27th. TD Cowen boosted their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Finally, UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the stock 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 thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $246.10.

DICK’S Sporting Goods Trading Up 0.2 %

Shares of DKS stock opened at $226.94 on Friday. DICK’S Sporting Goods, Inc. has a 12-month low of $139.75 and a 12-month high of $239.30. The company has a market capitalization of $18.49 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 2.62 and a beta of 1.58. The firm has a 50 day moving average price of $216.62 and a two-hundred day moving average price of $213.16. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the firm posted $2.85 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.94%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Insider Activity at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the business’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 completion of the sale, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction that occurred on 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 sale, the chairman now directly owns 8,362,128 shares in the company, valued at $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 currently owned by corporate insiders.

About DICK’S Sporting Goods

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.