DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,380 shares of the sporting goods retailer's stock after selling 5,225 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in DICK'S Sporting Goods were worth $3,520,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in DICK'S Sporting Goods during the third quarter worth about $27,000. ORG Wealth Partners LLC purchased a new stake in DICK'S Sporting Goods during the third quarter worth about $30,000. True Wealth Design LLC boosted its holdings in DICK'S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock worth $31,000 after buying an additional 145 shares in the last quarter. Richardson Financial Services Inc. purchased a new stake in shares of DICK'S Sporting Goods in the second quarter valued at about $34,000. Finally, UMB Bank n.a. lifted its holdings in shares of DICK'S Sporting Goods by 454.8% in the third quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer's stock valued at $36,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods stock in a transaction on Monday, January 6th. The shares were 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 of the company's stock, valued at $1,917,017,844. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods stock in a transaction on Thursday, January 2nd. The stock was 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 trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. 32.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DKS. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $260.00 price target on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. TD Cowen upped their price target on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Truist Financial upped their price target 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. Finally, Wedbush reaffirmed a "neutral" rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK'S Sporting Goods in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $246.10.

DICK'S Sporting Goods Trading Up 0.4 %

DKS stock traded up $0.96 on Friday, hitting $228.09. 1,054,585 shares of the company were exchanged, compared to its average volume of 1,073,039. 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 twelve month low of $141.02 and a twelve month high of $239.30. The business's fifty day moving average is $217.16 and its two-hundred day moving average is $213.26. The stock has a market capitalization of $18.58 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 2.62 and a beta of 1.58.

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. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. DICK'S Sporting Goods's revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.93%. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.

DICK'S Sporting Goods Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.