TCW Group Inc. Lowers Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

TCW Group Inc. cut its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,395 shares of the sporting goods retailer’s stock after selling 48,679 shares during the period. TCW Group Inc. owned 0.33% of DICK’S Sporting Goods worth $61,648,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of DICK’S Sporting Goods during the third quarter worth approximately $27,000. New Wave Wealth Advisors LLC purchased a new position in DICK’S Sporting Goods in the 4th quarter valued at $28,000. True Wealth Design LLC grew 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 valued at $31,000 after buying an additional 145 shares during the last quarter. Sound Income Strategies LLC grew its position in DICK’S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock valued at $32,000 after buying an additional 118 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in DICK’S Sporting Goods in the 3rd quarter valued at $49,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’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 completion of the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the transaction, the chairman now directly 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. In the last quarter, insiders sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is owned by insiders.

DICK’S Sporting Goods Trading Down 2.9 %

NYSE:DKS opened at $224.70 on Friday. The company has a market capitalization of $18.31 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. 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 52-week low of $165.75 and a 52-week high of $254.60. The stock has a fifty day simple moving average of $232.99 and a 200-day simple moving average of $219.15.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $2.85 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal 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 paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Wedbush reiterated a “neutral” rating and issued a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Loop Capital raised their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, Truist Financial raised their target price 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. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $248.09.

DICK’S Sporting Goods Company 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.