Quent Capital LLC Sells 8,971 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Quent Capital LLC cut its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 91.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 804 shares of the sporting goods retailer's stock after selling 8,971 shares during the quarter. Quent Capital LLC's holdings in DICK'S Sporting Goods were worth $184,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DKS. Holocene Advisors LP acquired a new position in shares of DICK'S Sporting Goods during the third quarter worth approximately $70,562,000. KBC Group NV raised its position in DICK'S Sporting Goods by 887.3% in the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer's stock valued at $52,253,000 after buying an additional 225,015 shares during the last quarter. International Assets Investment Management LLC raised its position in DICK'S Sporting Goods by 19,851.3% in the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock valued at $43,512,000 after buying an additional 207,446 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in DICK'S Sporting Goods by 1,718.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer's stock valued at $41,740,000 after buying an additional 189,000 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in DICK'S Sporting Goods in the 3rd quarter valued at $32,093,000. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods Price Performance

DKS traded down $4.63 during trading on Friday, reaching $237.98. 860,970 shares of the company were exchanged, compared to its average volume of 1,017,719. The company's 50-day moving average is $231.62 and its two-hundred day moving average is $218.09. The company has a market cap of $19.39 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 2.57 and a beta of 1.57. 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, Inc. has a 12-month low of $165.31 and a 12-month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.03 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.85 EPS. Research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.85%. DICK'S Sporting Goods's payout ratio is currently 31.45%.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the firm's stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. 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 90 days. Corporate insiders own 32.03% of the company's stock.

Wall Street Analyst Weigh In

DKS has been the subject of a number of analyst reports. Loop Capital increased their price target on 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. Telsey Advisory Group reissued an "outperform" rating and issued a $260.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Morgan Stanley increased their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Truist Financial upped their price objective on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Wedbush restated a "neutral" rating and issued a $215.00 price objective (down previously from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $248.09.

DICK'S Sporting Goods Company 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.