Johnson Financial Group Inc. Reduces Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Johnson Financial Group Inc. lowered its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 43.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,930 shares of the sporting goods retailer’s stock after selling 2,237 shares during the period. Johnson Financial Group Inc.’s holdings in DICK’S Sporting Goods were worth $431,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DKS. SG Americas Securities LLC increased its stake in shares of DICK’S Sporting Goods by 1,305.5% in the fourth quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock worth $870,000 after buying an additional 5,496 shares during the last quarter. Todd Asset Management LLC increased its stake in shares of DICK’S Sporting Goods by 129.6% in the fourth quarter. Todd Asset Management LLC now owns 144,050 shares of the sporting goods retailer’s stock worth $21,168,000 after buying an additional 81,313 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $695,000. National Bank of Canada FI increased its stake in shares of DICK’S Sporting Goods by 1,313.0% in the fourth quarter. National Bank of Canada FI now owns 13,989 shares of the sporting goods retailer’s stock worth $2,042,000 after buying an additional 12,999 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of DICK’S Sporting Goods by 4.5% in the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after buying an additional 34,942 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock traded up $3.37 during midday trading on Friday, hitting $189.97. The company’s stock had a trading volume of 894,243 shares, compared to its average volume of 846,695. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The stock’s 50-day moving average price is $204.88 and its 200-day moving average price is $168.95. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $225.79. The company has a market capitalization of $15.66 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.61.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the previous year, the business earned $2.93 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 2.32%. DICK’S Sporting Goods’s payout ratio is 36.12%.

Analysts Set New Price Targets

A number of equities analysts have commented on DKS shares. Jefferies Financial Group started coverage on shares of DICK’S Sporting Goods in a report on Friday, April 12th. They issued a “hold” rating and a $211.00 price objective for the company. Barclays decreased their price objective on shares of DICK’S Sporting Goods from $239.00 to $231.00 and set an “overweight” rating for the company in a report on Monday, May 13th. Truist Financial lifted their price objective on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Stifel Nicolaus lifted their price objective on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Finally, Evercore ISI lifted their price objective on shares of DICK’S Sporting Goods from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Hold” and a consensus price target of $210.45.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the sale, the chairman now owns 10,899,110 shares in the company, valued at approximately $2,407,940,372.30. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the acquisition, the insider now owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 151,210 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the sale, the chairman now owns 10,899,110 shares in the company, valued at approximately $2,407,940,372.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,763 shares of company stock worth $46,483,438. 32.03% of the stock is owned by corporate insiders.

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.