Desjardins Global Asset Management Inc. Sells 128 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Desjardins Global Asset Management Inc. cut its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 31.8% during the 4th quarter, HoldingsChannel reports. The firm owned 274 shares of the sporting goods retailer’s stock after selling 128 shares during the period. Desjardins Global Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $40,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of DICK’S Sporting Goods during the second quarter valued at approximately $26,000. Fortis Capital Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the first quarter valued at approximately $28,000. Blue Trust Inc. boosted its holdings in DICK’S Sporting Goods by 236.8% in the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after acquiring an additional 206 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in DICK’S Sporting Goods in the second quarter worth $53,000. Finally, Capital Analysts LLC boosted its holdings in 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 acquiring an additional 257 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $195.09 on Friday. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 2.39 and a beta of 1.58. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $194.84 and a 200-day moving average price of $152.78. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the company earned $2.93 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.26%. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.12%.

Insider Activity

In other news, Chairman Edward W. Stack sold 151,210 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the sale, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the sale, the senior vice president now directly owns 11,051 shares in the company, valued at $2,450,890.78. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Edward W. Stack sold 151,210 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the sale, the chairman now owns 10,899,110 shares in the company, valued at $2,407,940,372.30. The disclosure for this sale can be found here. Insiders sold 209,763 shares of company stock valued at $46,483,438 in the last ninety days. Insiders own 30.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DKS. Truist Financial upped their price target on DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a report on Friday, March 15th. Oppenheimer upped their price target on DICK’S Sporting Goods from $190.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. UBS Group upped their price target on DICK’S Sporting Goods from $142.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Evercore ISI upped their price objective on DICK’S Sporting Goods from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Finally, Morgan Stanley upped their price objective on DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $208.64.

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.