DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC decreased its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 164,235 shares of the sporting goods retailer's stock after selling 2,738 shares during the period. Copeland Capital Management LLC owned approximately 0.20% of DICK'S Sporting Goods worth $37,584,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DKS. DAVENPORT & Co LLC raised its stake in shares of DICK'S Sporting Goods by 12.0% in the fourth quarter. DAVENPORT & Co LLC now owns 2,828 shares of the sporting goods retailer's stock worth $647,000 after purchasing an additional 303 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in DICK'S Sporting Goods during the 4th quarter worth approximately $28,000. Ridgepath Capital Management LLC acquired a new stake in DICK'S Sporting Goods during the 4th quarter valued at approximately $229,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of DICK'S Sporting Goods by 21.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 98,683 shares of the sporting goods retailer's stock valued at $22,583,000 after acquiring an additional 17,430 shares during the last quarter. Finally, Stonegate Investment Group LLC increased its stake in shares of DICK'S Sporting Goods by 2.9% in the fourth quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer's stock worth $473,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Insider Activity

In other DICK'S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the business's stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 in the last quarter. Insiders own 32.03% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on DKS. Loop Capital boosted their target price on shares of 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. Argus raised their price objective on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Wedbush reaffirmed a "neutral" rating and set a $215.00 target price (down from $250.00) on shares of DICK'S Sporting Goods in a report on Wednesday, November 27th. TD Cowen increased their price target on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, 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 report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $248.09.

DICK'S Sporting Goods Price Performance

Shares of DKS stock traded up $0.85 during trading hours on Tuesday, reaching $238.12. The company had a trading volume of 779,553 shares, compared to its average volume of 1,080,871. DICK'S Sporting Goods, Inc. has a 12-month low of $152.42 and a 12-month high of $254.60. 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 market capitalization of $19.40 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 2.73 and a beta of 1.57. The stock has a fifty day moving average of $227.23 and a 200-day moving average of $216.34.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released 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 net margin of 8.65% and a return on equity of 42.00%. DICK'S Sporting Goods's revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $2.85 earnings per share. On average, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given 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 yield of 1.85%. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.

About DICK'S Sporting Goods

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.