Fmr LLC Cuts Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

FMR LLC trimmed its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 26.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,390,211 shares of the sporting goods retailer's stock after selling 2,264,936 shares during the quarter. FMR LLC owned 7.84% of DICK'S Sporting Goods worth $1,462,336,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Marion Wealth Management acquired a new position in DICK'S Sporting Goods during the 4th quarter worth approximately $545,000. Argus Investors Counsel Inc. acquired a new position in DICK'S Sporting Goods during the fourth quarter worth $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in DICK'S Sporting Goods by 78.2% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer's stock worth $2,631,000 after acquiring an additional 5,046 shares during the period. Principal Securities Inc. raised its position in DICK'S Sporting Goods by 11.8% in the fourth quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock worth $821,000 after acquiring an additional 380 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in DICK'S Sporting Goods by 15.1% in the fourth quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer's stock valued at $491,000 after acquiring an additional 281 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

DKS has been the topic of a number of recent analyst reports. Argus upped their price target 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. DA Davidson dropped their target price on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Truist Financial set a $245.00 price target on DICK'S Sporting Goods in a research note on Tuesday, March 11th. Guggenheim reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Finally, Wedbush reiterated a "neutral" rating and set a $215.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Moderate Buy" and a consensus price target of $242.95.

Insider Buying and Selling

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Trading Down 2.1 %

DKS stock traded down $4.01 during midday trading on Friday, hitting $186.01. The stock had a trading volume of 1,412,940 shares, compared to its average volume of 1,154,305. The company's 50-day moving average price is $210.74 and its 200 day moving average price is $214.58. 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 firm has a market cap of $14.85 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32. DICK'S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60.

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

DICK'S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $1.2125 per share. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio is presently 34.54%.

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

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.