DICK’S Sporting Goods, Inc. (NYSE:DKS) Holdings Decreased by Central Bank & Trust Co.

Central Bank & Trust Co. reduced its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,005 shares of the sporting goods retailer’s stock after selling 5,463 shares during the period. Central Bank & Trust Co.’s holdings in DICK’S Sporting Goods were worth $6,638,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction dated Thursday, January 2nd. The shares were 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 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 document filed with the SEC, which is available at this hyperlink. 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 transaction of $36,817,550.00. Following the transaction, the chairman now 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 company insiders.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $228.09 on Tuesday. The company’s fifty day moving average is $218.26 and its two-hundred day moving average is $213.83. DICK’S Sporting Goods, Inc. has a 52-week low of $141.02 and a 52-week high of $239.30. 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 firm has a market capitalization of $18.58 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 2.62 and a beta of 1.58.

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, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business earned $2.85 earnings per share. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced 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 of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.93%. DICK’S Sporting Goods’s payout ratio is 31.45%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Wedbush reaffirmed a “neutral” rating and set a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Truist Financial boosted their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Loop Capital raised their price objective on shares of 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. Finally, TD Cowen boosted 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. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $246.10.

DICK’S Sporting Goods 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.