DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. decreased its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,429 shares of the sporting goods retailer's stock after selling 8,457 shares during the quarter. DICK'S Sporting Goods makes up 3.6% of Steigerwald Gordon & Koch Inc.'s portfolio, making the stock its 3rd largest position. Steigerwald Gordon & Koch Inc. owned 0.17% of DICK'S Sporting Goods worth $32,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC purchased a new stake in shares of DICK'S Sporting Goods in the 4th quarter worth $317,000. Arkadios Wealth Advisors raised its holdings in shares of DICK'S Sporting Goods by 82.8% in the fourth quarter. Arkadios Wealth Advisors now owns 7,494 shares of the sporting goods retailer's stock valued at $1,715,000 after acquiring an additional 3,395 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in DICK'S Sporting Goods by 8.7% in the fourth quarter. Wedge Capital Management L L P NC now owns 231,588 shares of the sporting goods retailer's stock worth $52,997,000 after acquiring an additional 18,602 shares during the period. Ritholtz Wealth Management bought a new position in DICK'S Sporting Goods during the 4th quarter worth about $200,000. Finally, Gateway Investment Advisers LLC grew its holdings in DICK'S Sporting Goods by 3.6% during the 4th quarter. Gateway Investment Advisers LLC now owns 26,795 shares of the sporting goods retailer's stock worth $6,132,000 after acquiring an additional 939 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DICK'S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the business'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 value of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. 32.03% of the stock is currently owned by corporate insiders.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS traded up $0.96 during mid-day trading on Monday, hitting $228.09. The stock had a trading volume of 1,054,586 shares, compared to its average volume of 906,565. The firm has a market cap of $18.58 billion, a PE ratio of 16.30, a PEG ratio of 2.62 and a beta of 1.58. 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 company has a 50 day moving average of $217.66 and a two-hundred day moving average of $213.64. DICK'S Sporting Goods, Inc. has a twelve month low of $141.02 and a twelve month high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.03 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business posted $2.85 earnings per share. Research analysts predict that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

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

Wall Street Analyst Weigh In

DKS has been the subject of several research reports. Wedbush reaffirmed a "neutral" rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. 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 research report on Wednesday, January 8th. Truist Financial boosted their price target on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, Loop Capital raised their price objective 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. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and an average target price of $246.10.

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.