Crossmark Global Holdings Inc. Has $785,000 Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Crossmark Global Holdings Inc. trimmed its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 87.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,433 shares of the sporting goods retailer's stock after selling 23,816 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in DICK'S Sporting Goods were worth $785,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in DKS. 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 during the period. CIBC Asset Management Inc grew its holdings in shares of DICK'S Sporting Goods by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after acquiring an additional 54 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of DICK'S Sporting Goods by 3.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer's stock worth $470,000 after acquiring an additional 70 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in DICK'S Sporting Goods by 4.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,765 shares of the sporting goods retailer's stock valued at $404,000 after purchasing an additional 81 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its stake in DICK'S Sporting Goods by 5.7% in the third quarter. First Citizens Bank & Trust Co. now owns 1,907 shares of the sporting goods retailer's stock valued at $398,000 after purchasing an additional 103 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DKS shares. Telsey Advisory Group reiterated an "outperform" rating and set a $260.00 price target on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. Truist Financial lifted their price objective on shares of 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 reissued 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. 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 report on Wednesday, January 8th. Finally, UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their price target for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and an average target price of $246.57.

DICK'S Sporting Goods Price Performance

Shares of DKS stock traded up $4.38 during mid-day trading on Friday, reaching $250.09. The company's stock had a trading volume of 2,087,116 shares, compared to its average volume of 875,780. 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 moving average is $221.74 and its two-hundred day moving average is $214.99. The company has a market cap of $20.37 billion, a P/E ratio of 17.88, a PEG ratio of 2.69 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a 1-year low of $148.95 and a 1-year high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the firm earned $2.85 EPS. DICK'S Sporting Goods's quarterly revenue was up .5% on a year-over-year basis. On average, research analysts predict that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.76%. DICK'S Sporting Goods's dividend payout ratio is 31.45%.

Insider Transactions at DICK'S Sporting Goods

In related news, 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 owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 172,933 shares of company stock valued at $39,655,456. Corporate insiders own 32.03% of the company's stock.

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.