Transform Wealth LLC Sells 168 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Transform Wealth LLC reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,142 shares of the sporting goods retailer’s stock after selling 168 shares during the period. Transform Wealth LLC’s holdings in DICK’S Sporting Goods were worth $2,550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DKS. Brooklyn Investment Group bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at $27,000. ORG Wealth Partners LLC bought a new position in DICK’S Sporting Goods during the third quarter worth about $30,000. True Wealth Design LLC grew its stake in DICK’S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after acquiring an additional 145 shares during the period. UMB Bank n.a. increased its holdings in shares of DICK’S Sporting Goods by 454.8% in the third quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer’s stock worth $36,000 after acquiring an additional 141 shares in the last quarter. Finally, ORG Partners LLC raised its position in shares of DICK’S Sporting Goods by 37.0% during the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after purchasing an additional 54 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, 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 sale, the chairman now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction dated 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 directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Trading Up 0.4 %

Shares of NYSE:DKS opened at $228.09 on Tuesday. DICK’S Sporting Goods, Inc. has a 52-week low of $141.02 and a 52-week high of $239.30. 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 company has a market capitalization of $18.58 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 2.60 and a beta of 1.58. The company has a 50-day simple moving average of $218.26 and a 200 day simple moving average of $213.83.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results 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 return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the company posted $2.85 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

Analyst Ratings Changes

A number of analysts recently issued reports on DKS shares. 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 research note on Wednesday, November 27th. TD Cowen increased their price objective on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Truist Financial upped their target price 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, UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $246.10.

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.