Wilmington Savings Fund Society FSB Has $91,000 Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Wilmington Savings Fund Society FSB decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 40.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 396 shares of the sporting goods retailer’s stock after selling 274 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in DICK’S Sporting Goods were worth $91,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Arlington Financial Advisors LLC acquired a new position in DICK’S Sporting Goods during the fourth quarter worth about $211,000. Kingsview Wealth Management LLC increased its stake in shares of DICK’S Sporting Goods by 9.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 4,337 shares of the sporting goods retailer’s stock valued at $993,000 after buying an additional 385 shares during the period. Vest Financial LLC increased its stake in shares of DICK’S Sporting Goods by 57.2% in the fourth quarter. Vest Financial LLC now owns 11,106 shares of the sporting goods retailer’s stock valued at $2,541,000 after buying an additional 4,040 shares during the period. Conning Inc. increased its stake in shares of DICK’S Sporting Goods by 55.9% in the fourth quarter. Conning Inc. now owns 2,310 shares of the sporting goods retailer’s stock valued at $529,000 after buying an additional 828 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of DICK’S Sporting Goods by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 143,713 shares of the sporting goods retailer’s stock valued at $32,887,000 after buying an additional 657 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $242.54 on Friday. The stock has a market capitalization of $19.76 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 2.57 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 52-week low of $164.32 and a 52-week high of $254.60. The stock’s 50 day moving average price is $231.20 and its two-hundred day moving average price is $217.88. 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 issued its earnings results 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 company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the business earned $2.85 EPS. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

Insider Buying and Selling

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the transaction, the director now 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 have sold a total of 172,933 shares of company stock worth $39,655,456 in the last ninety days. Corporate insiders own 32.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. TD Cowen upped their price objective 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. Loop Capital upped their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Wedbush reaffirmed a “neutral” rating and issued a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Finally, Morgan Stanley increased their target price 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. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $248.09.

DICK’S Sporting Goods Company 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.