Versant Capital Management Inc Sells 149 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Versant Capital Management Inc reduced its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 36.0% in the fourth quarter, Holdings Channel reports. The fund owned 265 shares of the sporting goods retailer’s stock after selling 149 shares during the quarter. Versant Capital Management Inc’s holdings in DICK’S Sporting Goods were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in DICK’S Sporting Goods in the third quarter valued at approximately $27,000. ICA Group Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $28,000. ORG Wealth Partners LLC purchased a new position in shares of DICK’S Sporting Goods during the 3rd quarter valued at $30,000. True Wealth Design LLC grew its stake in shares of DICK’S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after acquiring an additional 145 shares during the period. Finally, Richardson Financial Services Inc. purchased a new stake in DICK’S Sporting Goods in the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Up 1.0 %

Shares of DKS stock opened at $229.12 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market cap of $18.67 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 2.52 and a beta of 1.58. The business has a 50-day moving average price of $211.88 and a two-hundred day moving average price of $212.91. DICK’S Sporting Goods, Inc. has a 12-month low of $137.06 and a 12-month high of $239.30.

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. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK’S Sporting Goods’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 earnings per share. Equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction dated 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 sale, the director now owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 32.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DKS shares. JPMorgan Chase & Co. upped their price objective on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price target for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Wedbush reiterated a “neutral” rating and issued a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Loop Capital increased their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $244.95.

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.