DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 77.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,218 shares of the sporting goods retailer's stock after selling 21,347 shares during the period. Allspring Global Investments Holdings LLC's holdings in DICK'S Sporting Goods were worth $1,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Kerusso Capital Management LLC acquired a new position in shares of DICK'S Sporting Goods during the 3rd quarter worth about $1,554,000. National Pension Service acquired a new position in shares of DICK'S Sporting Goods during the 3rd quarter worth about $4,195,000. Marion Wealth Management acquired a new position in shares of DICK'S Sporting Goods during the 4th quarter worth about $545,000. Strategy Asset Managers LLC acquired a new position in shares of DICK'S Sporting Goods during the 3rd quarter worth about $4,325,000. Finally, Argus Investors Counsel Inc. acquired a new position in shares of DICK'S Sporting Goods during the 4th quarter worth about $257,000. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DKS. Telsey Advisory Group restated 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. Loop Capital upped their price objective on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Truist Financial upped 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. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their price objective for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Finally, Argus upped their price objective on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $248.09.

Insider Transactions at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the 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 approximately $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. In the last three months, insiders have sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by insiders.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock opened at $224.70 on Friday. The firm has a 50 day simple moving average of $232.99 and a 200-day simple moving average of $219.15. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK'S Sporting Goods, Inc. has a 1-year low of $165.75 and a 1-year high of $254.60. The stock has a market cap of $18.31 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the business posted $2.85 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued 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 1.96%. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.

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.

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