DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. decreased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 22.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,448 shares of the sporting goods retailer's stock after selling 3,059 shares during the period. EFG Asset Management North America Corp.'s holdings in DICK'S Sporting Goods were worth $2,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in shares of DICK'S Sporting Goods in the fourth quarter worth about $28,000. Brooklyn Investment Group acquired a new position in DICK'S Sporting Goods in the 3rd quarter worth approximately $27,000. Rialto Wealth Management LLC purchased a new position in DICK'S Sporting Goods during the 4th quarter worth approximately $30,000. Sound Income Strategies LLC lifted its stake in DICK'S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock valued at $32,000 after acquiring an additional 118 shares during the period. Finally, True Wealth Design LLC boosted its holdings in shares of DICK'S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock valued at $31,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Down 3.8 %

DKS stock traded down $8.00 during midday trading on Friday, hitting $202.09. The company's stock had a trading volume of 1,593,082 shares, compared to its average volume of 1,113,853. 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 firm has a 50-day simple moving average of $223.19 and a 200-day simple moving average of $216.56. The firm has a market capitalization of $16.47 billion, a P/E ratio of 14.45, a PEG ratio of 2.47 and a beta of 1.53. DICK'S Sporting Goods, Inc. has a 52-week low of $182.84 and a 52-week high of $254.60.

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DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $0.15. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $3.85 EPS. As a group, equities analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods declared that its board has initiated a stock buyback program on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $1.2125 per share. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.54%.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK'S Sporting Goods stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

DKS has been the subject of several recent research reports. Truist Financial set a $245.00 target price on shares of DICK'S Sporting Goods in a report on Tuesday, March 11th. DA Davidson lowered their target price on DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $250.00 target price on shares of DICK'S Sporting Goods in a report on Friday, March 14th. Wedbush reissued a "neutral" rating and issued a $215.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Robert W. Baird dropped their price objective on DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and an average price target of $245.50.

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.