DICK’S Sporting Goods, Inc. (NYSE:DKS) Holdings Trimmed by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. lowered its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,429 shares of the sporting goods retailer’s stock after selling 8,457 shares during the quarter. DICK’S Sporting Goods accounts for 3.6% of Steigerwald Gordon & Koch Inc.’s investment portfolio, making the stock its 3rd largest holding. Steigerwald Gordon & Koch Inc. owned 0.17% of DICK’S Sporting Goods worth $32,136,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods in the third quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in DICK’S Sporting Goods in the third quarter valued at $30,000. True Wealth Design LLC boosted its position in shares of DICK’S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after purchasing an additional 145 shares in the last quarter. UMB Bank n.a. grew 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 worth $36,000 after purchasing an additional 141 shares during the period. Finally, ORG Partners LLC increased its holdings in shares of 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 valued at $42,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DKS. Loop Capital boosted 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 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 note on Wednesday, January 8th. 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 research note on Wednesday, November 27th. 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. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $246.10.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods 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 value of $1,697,956.15. Following the transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the company’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 $1,917,017,844. The trade was 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 Up 0.4 %

Shares of NYSE:DKS opened at $228.09 on Friday. DICK’S Sporting Goods, Inc. has a 12-month low of $141.02 and a 12-month high of $239.30. The stock’s 50-day moving average price is $217.66 and its two-hundred day moving average price is $213.54. 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 firm has a market cap of $18.58 billion, a price-to-earnings ratio of 16.30, a PEG 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.85 earnings per share. On average, research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

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

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.