Hennion & Walsh Asset Management Inc. Cuts Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Hennion & Walsh Asset Management Inc. lessened its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,380 shares of the sporting goods retailer’s stock after selling 5,225 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $3,520,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kerusso Capital Management LLC purchased a new position in shares of DICK’S Sporting Goods in the 3rd quarter valued at $1,554,000. National Pension Service purchased a new position in DICK’S Sporting Goods in the third quarter valued at about $4,195,000. Strategy Asset Managers LLC acquired a new position in shares of DICK’S Sporting Goods during the third quarter worth about $4,325,000. Marion Wealth Management acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $545,000. Finally, Landscape Capital Management L.L.C. grew its stake in shares of DICK’S Sporting Goods by 402.9% in the third quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock valued at $3,202,000 after buying an additional 12,293 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction 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 sale, the director now owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Trading Up 0.2 %

Shares of NYSE DKS opened at $226.94 on Friday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $139.75 and a fifty-two week high of $239.30. The firm has a market capitalization of $18.49 billion, a P/E ratio of 16.22, a P/E/G ratio of 2.62 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The company’s 50 day simple moving average is $216.62 and its 200 day simple moving average is $213.16.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating 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 posted $2.85 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. On average, analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.94%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

Analysts Set New Price Targets

DKS has been the subject of a number of research analyst reports. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Wedbush reissued a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. TD Cowen lifted their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Truist Financial increased 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 note on Wednesday, November 27th. Finally, Loop Capital upped their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $246.10.

DICK’S Sporting Goods 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.