Blue Trust Inc. Sells 772 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Blue Trust Inc. reduced its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 77.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 226 shares of the sporting goods retailer’s stock after selling 772 shares during the period. Blue Trust Inc.’s holdings in DICK’S Sporting Goods were worth $52,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kerusso Capital Management LLC purchased a new stake in DICK’S Sporting Goods during the third quarter valued at about $1,554,000. National Pension Service bought a new stake in DICK’S Sporting Goods in the 3rd quarter worth approximately $4,195,000. Marion Wealth Management purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth approximately $545,000. Strategy Asset Managers LLC purchased a new stake in DICK’S Sporting Goods in the third quarter worth approximately $4,325,000. Finally, Argus Investors Counsel Inc. bought a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $257,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, 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 transaction 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. This trade represents a 23.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 of the company’s stock, 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. Over the last quarter, insiders have sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DKS shares. Argus upped their price objective on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Morgan Stanley upped their price target on shares of 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. TD Cowen boosted their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Truist Financial raised their price target on 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. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $219.84 on Wednesday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $172.50 and a fifty-two week high of $254.60. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 2.47 and a beta of 1.57. The stock’s 50 day simple moving average is $232.78 and its two-hundred day simple moving average is $219.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK’S Sporting Goods (NYSE:DKS) last posted 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. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the company earned $2.85 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods 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.