Central Bank & Trust Co. Has $6.64 Million Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Central Bank & Trust Co. cut its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 15.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,005 shares of the sporting goods retailer's stock after selling 5,463 shares during the quarter. Central Bank & Trust Co.'s holdings in DICK'S Sporting Goods were worth $6,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DKS. Kerusso Capital Management LLC bought a new stake in DICK'S Sporting Goods in the 3rd quarter valued at approximately $1,554,000. National Pension Service bought a new stake in DICK'S Sporting Goods in the 3rd quarter valued at $4,195,000. Strategy Asset Managers LLC bought a new stake in DICK'S Sporting Goods in the 3rd quarter valued at $4,325,000. Marion Wealth Management bought a new stake in DICK'S Sporting Goods in the 4th quarter valued at $545,000. Finally, Landscape Capital Management L.L.C. grew its holdings in DICK'S Sporting Goods by 402.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer's stock valued at $3,202,000 after buying an additional 12,293 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DICK'S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the firm's stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 50,997 shares of the company's stock, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of research reports. Truist Financial upped 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. Wedbush reaffirmed a "neutral" rating and issued a $215.00 price objective (down from $250.00) on shares of DICK'S Sporting Goods in a report on Wednesday, November 27th. TD Cowen upped their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. UBS Group raised 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 report on Wednesday, November 27th. Finally, Morgan Stanley upped their price objective on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and an average target price of $246.57.

DICK'S Sporting Goods Price Performance

Shares of DKS stock traded up $6.00 on Tuesday, hitting $234.03. 901,507 shares of the company's stock were exchanged, compared to its average volume of 1,058,956. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock has a market cap of $19.07 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 2.60 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a 12 month low of $146.86 and a 12 month high of $239.30. The company has a 50 day moving average of $218.26 and a 200 day moving average of $213.83.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted 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. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $2.85 earnings per share. On average, equities research analysts predict that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.88%. DICK'S Sporting Goods's dividend payout ratio (DPR) is 31.45%.

DICK'S Sporting Goods 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.