Diversified Investment Strategies LLC Has $9.94 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Diversified Investment Strategies LLC trimmed its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,450 shares of the sporting goods retailer's stock after selling 3,520 shares during the period. DICK'S Sporting Goods makes up about 6.4% of Diversified Investment Strategies LLC's portfolio, making the stock its 5th largest holding. Diversified Investment Strategies LLC owned 0.05% of DICK'S Sporting Goods worth $9,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DKS. ORG Partners LLC lifted its position in shares of DICK'S Sporting Goods by 37.0% during the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer's stock valued at $42,000 after acquiring an additional 54 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of DICK'S Sporting Goods by 1.7% during the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after purchasing an additional 54 shares during the last quarter. Stonegate Investment Group LLC boosted its position in shares of 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 valued at $473,000 after purchasing an additional 58 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in DICK'S Sporting Goods by 3.5% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer's stock worth $470,000 after purchasing an additional 70 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in DICK'S Sporting Goods by 4.8% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,765 shares of the sporting goods retailer's stock worth $404,000 after buying an additional 81 shares during the period. 89.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DKS has been the subject of a number of research analyst reports. Loop Capital increased 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. Argus raised their target price on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a report on Wednesday. Truist Financial upped their price target on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Morgan Stanley raised their price objective on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, TD Cowen upped their target price 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. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $248.09.

DICK'S Sporting Goods Trading Down 1.5 %

DKS stock traded down $3.71 during trading on Wednesday, hitting $245.52. The company had a trading volume of 857,602 shares, compared to its average volume of 1,109,261. The firm has a 50-day moving average price of $223.65 and a 200-day moving average price of $215.44. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The stock has a market cap of $20.00 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 2.69 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a 12 month low of $148.95 and a 12 month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its 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 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 prior year, the firm earned $2.85 earnings per share. The business's quarterly revenue was up .5% on a year-over-year basis. As a group, 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 31.45%.

Insider Activity at DICK'S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the company'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 sale, 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 document filed with the SEC, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by company insiders.

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.