Transform Wealth LLC Has $2.55 Million Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Transform Wealth LLC trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,142 shares of the sporting goods retailer’s stock after selling 168 shares during the period. Transform Wealth LLC’s holdings in DICK’S Sporting Goods were worth $2,550,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth $27,000. ORG Wealth Partners LLC bought a new position in shares of DICK’S Sporting Goods in the third quarter worth about $30,000. True Wealth Design LLC boosted its stake in shares of DICK’S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of DICK’S Sporting Goods by 454.8% during the 3rd quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer’s stock valued at $36,000 after purchasing an additional 141 shares during the last quarter. Finally, ORG Partners LLC increased its holdings in shares of DICK’S Sporting Goods by 37.0% during the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after buying an additional 54 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company’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 transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction 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 owns 8,362,128 shares in the company, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.03% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $228.09 on Tuesday. The firm has a market cap of $18.58 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.60 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a 52-week low of $141.02 and a 52-week high of $239.30. The business’s 50 day moving average price is $218.26 and its two-hundred day moving average price is $213.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

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

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.93%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DKS shares. 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 report on Wednesday, November 27th. Wedbush restated a “neutral” rating and set a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. TD Cowen lifted their target price on shares of 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. Finally, UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price target for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $246.10.

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.