DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,600 shares of the sporting goods retailer’s stock after selling 260 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in DICK’S Sporting Goods were worth $1,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods during the third quarter worth $27,000. ICA Group Wealth Management LLC acquired a new position in DICK’S Sporting Goods during the second quarter worth about $28,000. ORG Wealth Partners LLC purchased a new stake in DICK’S Sporting Goods during the 3rd quarter valued at about $30,000. True Wealth Design LLC raised its holdings in DICK’S Sporting Goods by 2,900.0% in the 3rd 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 last quarter. Finally, Richardson Financial Services Inc. purchased a new position in DICK’S Sporting Goods in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DKS. TD Cowen upped 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. Truist Financial upped their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Wedbush reissued a “neutral” rating and issued a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Finally, Loop Capital raised their price objective on shares of 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. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $246.10.

Insider Buying and Selling

In related news, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods 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 owns 8,362,128 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 50,997 shares of the company’s stock, 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. 32.03% of the stock is currently owned by insiders.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $230.32 on Friday. 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 stock has a market capitalization of $18.77 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 2.52 and a beta of 1.58. The business has a 50-day moving average of $214.97 and a 200 day moving average of $213.09. DICK’S Sporting Goods, Inc. has a 12 month low of $137.44 and a 12 month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating 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 net margin of 8.65% and a return on equity of 42.00%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.85 earnings per share. As a group, 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 Announces Dividend

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 $1.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.91%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

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.