Oak Thistle LLC Lowers Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Oak Thistle LLC lowered its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 37.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,811 shares of the sporting goods retailer’s stock after selling 1,094 shares during the period. Oak Thistle LLC’s holdings in DICK’S Sporting Goods were worth $407,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DKS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of DICK’S Sporting Goods by 280.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after acquiring an additional 140 shares during the period. Blue Trust Inc. grew its holdings in DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock valued at $43,000 after buying an additional 206 shares in the last quarter. Rise Advisors LLC raised its position in shares of DICK’S Sporting Goods by 163.9% during the first quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock valued at $57,000 after buying an additional 159 shares during the last quarter. Capital Analysts LLC lifted its holdings in shares of DICK’S Sporting Goods by 132.5% in the fourth quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after buying an additional 257 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of DICK’S Sporting Goods by 2,505.3% in the fourth quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock worth $73,000 after buying an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total value of $1,090,118.20. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,664,218.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 32.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Truist Financial lifted their price target on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Oppenheimer boosted their target price on DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. TD Cowen raised their price target on DICK’S Sporting Goods from $224.00 to $266.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Gordon Haskett upped their price objective on DICK’S Sporting Goods from $190.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Barclays increased their target price on DICK’S Sporting Goods from $231.00 to $247.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $237.09.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $202.59 on Tuesday. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $234.47. The firm has a market cap of $16.51 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 2.35 and a beta of 1.65. The business’s fifty day simple moving average is $209.28 and its two-hundred day simple moving average is $186.25. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $2.94 by $0.36. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.40 EPS. Analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 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, June 28th. Investors of record on Friday, June 14th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.40 annualized dividend and a yield of 2.17%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.42%.

DICK’S Sporting Goods Company 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.