DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Tobam

Tobam decreased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 34.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,258 shares of the sporting goods retailer's stock after selling 10,488 shares during the period. DICK'S Sporting Goods makes up about 1.4% of Tobam's portfolio, making the stock its 21st biggest holding. Tobam's holdings in DICK'S Sporting Goods were worth $4,636,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DKS. New Wave Wealth Advisors LLC purchased a new stake in shares of DICK'S Sporting Goods in the fourth quarter worth about $28,000. Brooklyn Investment Group purchased a new stake in DICK'S Sporting Goods in the 3rd quarter worth approximately $27,000. Sound Income Strategies LLC grew its stake in shares of 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 worth $32,000 after purchasing an additional 118 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of DICK'S Sporting Goods in the 3rd quarter valued at $30,000. Finally, True Wealth Design LLC lifted its stake 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 purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DKS shares. 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 research report on Wednesday, November 27th. Argus upped their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Morgan Stanley raised their price objective on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Wedbush reaffirmed a "neutral" rating and set a $215.00 target price (down from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $260.00 price target on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, DICK'S Sporting Goods has an average rating of "Moderate Buy" and an average price target of $248.09.

DICK'S Sporting Goods Trading Up 4.1 %

Shares of DICK'S Sporting Goods stock traded up $9.75 during trading hours on Tuesday, hitting $246.40. The company's stock had a trading volume of 592,716 shares, compared to its average volume of 1,019,010. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock has a market cap of $20.07 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 2.57 and a beta of 1.57. The firm has a fifty day moving average of $229.24 and a 200-day moving average of $217.30. DICK'S Sporting Goods, Inc. has a twelve month low of $160.31 and a twelve 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 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 firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the business posted $2.85 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. Research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's payout ratio is currently 31.45%.

Insider Buying and Selling

In other 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 value of $1,139,950.00. Following the completion of the sale, the executive vice president now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm'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 transaction of $1,697,956.15. Following the transaction, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock valued at $39,655,456 in the last three months. 32.03% of the stock is owned by corporate insiders.

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.