International Assets Investment Management LLC Sells 207,491 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

International Assets Investment Management LLC lessened its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 99.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,000 shares of the sporting goods retailer's stock after selling 207,491 shares during the quarter. International Assets Investment Management LLC's holdings in DICK'S Sporting Goods were worth $227,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DKS. Brooklyn Investment Group acquired a new position in DICK'S Sporting Goods in the 3rd quarter valued at about $27,000. ICA Group Wealth Management LLC acquired a new position in DICK'S Sporting Goods in the second quarter valued at approximately $28,000. ORG Wealth Partners LLC acquired a new position in DICK'S Sporting Goods in the third quarter valued at approximately $30,000. True Wealth Design LLC grew its position in DICK'S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock worth $31,000 after acquiring an additional 145 shares during the period. Finally, Richardson Financial Services Inc. acquired a new stake in DICK'S Sporting Goods during the second quarter worth $34,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DKS shares. TD Cowen upped their target price on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Truist Financial upped their price objective on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $260.00 target price on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. Wedbush restated a "neutral" rating and set a $215.00 price target (down from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Finally, UBS Group raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $246.10.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Price Performance

DICK'S Sporting Goods stock traded down $3.54 during mid-day trading on Tuesday, hitting $220.90. The company's stock had a trading volume of 1,012,452 shares, compared to its average volume of 1,020,530. The stock has a market capitalization of $18.00 billion, a P/E ratio of 15.79, a P/E/G ratio of 2.54 and a beta of 1.61. DICK'S Sporting Goods, Inc. has a twelve month low of $139.48 and a twelve month high of $239.30. The stock's fifty day moving average price is $215.54 and its two-hundred day moving average price is $213.03. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly 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 business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $1.10 per share. 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 1.99%. DICK'S Sporting Goods's payout ratio is 31.45%.

About DICK'S Sporting Goods

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.