Burney Co. Trims Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Burney Co. lowered its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 33.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,987 shares of the sporting goods retailer's stock after selling 32,857 shares during the period. Burney Co. owned approximately 0.08% of DICK'S Sporting Goods worth $14,872,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DKS. State Street Corp increased its position in DICK'S Sporting Goods by 1.2% during the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer's stock valued at $473,945,000 after buying an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of DICK'S Sporting Goods by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer's stock worth $373,327,000 after acquiring an additional 57,672 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of DICK'S Sporting Goods by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock valued at $217,169,000 after acquiring an additional 10,640 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of DICK'S Sporting Goods by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer's stock valued at $167,683,000 after purchasing an additional 102,609 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in DICK'S Sporting Goods by 40.2% in the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer's stock worth $117,103,000 after purchasing an additional 156,227 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

DICK'S Sporting Goods stock traded up $5.64 during trading on Wednesday, reaching $226.31. The company had a trading volume of 1,476,255 shares, compared to its average volume of 1,071,130. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The firm's 50-day simple moving average is $215.99 and its 200 day simple moving average is $213.07. The firm has a market capitalization of $18.44 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 2.54 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a 1-year low of $139.48 and a 1-year high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its 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 company's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.85 earnings per share. As a group, equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.88 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. Stockholders of record on Friday, December 13th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.94%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 31.45%.

Analyst Ratings Changes

A number of research analysts have issued reports on DKS shares. Wedbush restated a "neutral" rating and set a $215.00 price target (down previously from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Loop Capital upped their target price on 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $260.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Truist Financial increased 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. Finally, UBS Group raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $246.10.

Insider Transactions at DICK'S Sporting Goods

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 transaction of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares of the company's stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chairman now directly 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. Corporate insiders own 32.03% of the company's stock.

About DICK'S Sporting Goods

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.