DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Position Trimmed by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC trimmed its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 37,089 shares of the sporting goods retailer’s stock after selling 630 shares during the quarter. DICK’S Sporting Goods accounts for about 4.6% of Carolina Wealth Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Carolina Wealth Advisors LLC’s holdings in DICK’S Sporting Goods were worth $8,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DKS. State Street Corp raised its position in shares of DICK’S Sporting Goods by 1.2% in the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock valued at $473,945,000 after purchasing an additional 27,155 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in DICK’S Sporting Goods by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after purchasing an additional 57,672 shares during the period. Geode Capital Management LLC grew its holdings in DICK’S Sporting Goods by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock valued at $217,169,000 after buying an additional 10,640 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of DICK’S Sporting Goods by 15.1% during the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock valued at $167,683,000 after buying an additional 102,609 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 40.2% in the second quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock worth $117,103,000 after buying an additional 156,227 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares in the company, 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. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Up 2.6 %

Shares of NYSE:DKS opened at $226.31 on Thursday. DICK’S Sporting Goods, Inc. has a 12-month low of $139.48 and a 12-month high of $239.30. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $216.62 and a two-hundred day simple moving average of $213.16. The stock has a market capitalization of $18.44 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.62 and a beta of 1.58.

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 the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the firm posted $2.85 earnings per share. The business’s revenue was up .5% on a year-over-year basis. On average, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wedbush reaffirmed a “neutral” rating and set 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. Telsey Advisory Group reiterated 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. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. TD Cowen lifted their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Truist Financial boosted their price target 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. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $246.10.

About DICK’S Sporting Goods

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.