Invesco LLC Cuts Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Invesco LLC lowered its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,260 shares of the sporting goods retailer’s stock after selling 168 shares during the quarter. Invesco LLC’s holdings in DICK’S Sporting Goods were worth $517,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. lifted its stake in DICK’S Sporting Goods by 21.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 98,683 shares of the sporting goods retailer’s stock worth $22,583,000 after purchasing an additional 17,430 shares during the last quarter. Stonegate Investment Group LLC lifted its position in DICK’S Sporting Goods by 2.9% in the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock worth $473,000 after buying an additional 58 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in DICK’S Sporting Goods by 78.2% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer’s stock worth $2,631,000 after buying an additional 5,046 shares during the last quarter. Nilsine Partners LLC boosted its stake in DICK’S Sporting Goods by 9.1% in the fourth quarter. Nilsine Partners LLC now owns 20,746 shares of the sporting goods retailer’s stock worth $4,748,000 after buying an additional 1,732 shares in the last quarter. Finally, Lebenthal Global Advisors LLC grew its position in DICK’S Sporting Goods by 11.5% during the fourth quarter. Lebenthal Global Advisors LLC now owns 4,898 shares of the sporting goods retailer’s stock valued at $1,121,000 after acquiring an additional 507 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of recent research reports. Wedbush restated a “neutral” rating and issued a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. 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. Morgan Stanley lifted their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, TD Cowen increased their target price 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. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Stock Down 0.9 %

Shares of NYSE:DKS traded down $2.25 during trading on Wednesday, hitting $246.98. The stock had a trading volume of 33,792 shares, compared to its average volume of 1,062,533. 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, Inc. has a 12 month low of $148.95 and a 12 month high of $254.60. The company has a market capitalization of $20.12 billion, a PE ratio of 17.65, a PEG ratio of 2.69 and a beta of 1.58. The firm’s fifty day moving average is $223.65 and its 200 day moving average is $215.44.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the company earned $2.85 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.78%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

Insiders Place Their Bets

In related news, Director Lawrence J. Schorr sold 7,333 shares of the company’s 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 transaction, the director now owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.