Beaumont Financial Advisors LLC Cuts Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Beaumont Financial Advisors LLC trimmed its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,659 shares of the sporting goods retailer’s stock after selling 735 shares during the period. Beaumont Financial Advisors LLC’s holdings in DICK’S Sporting Goods were worth $9,502,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Quarry LP purchased a new position in DICK’S Sporting Goods in the 2nd quarter valued at approximately $26,000. Fortis Capital Advisors LLC purchased a new position in DICK’S Sporting Goods in the 1st quarter valued at approximately $28,000. Blue Trust Inc. grew its holdings in DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock valued at $43,000 after buying an additional 206 shares during the last quarter. UniSuper Management Pty Ltd acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $53,000. Finally, Capital Analysts LLC grew its holdings in DICK’S Sporting Goods by 132.5% during the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock valued at $66,000 after buying an additional 257 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Price Performance

NYSE:DKS traded down $0.49 during mid-day trading on Friday, hitting $194.73. The company’s stock had a trading volume of 318,112 shares, compared to its average volume of 1,193,529. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 2.39 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $225.79. The stock has a fifty day moving average of $194.19 and a 200-day moving average of $152.16.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating 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 business had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the firm earned $2.93 earnings per share. DICK’S Sporting Goods’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 2.26%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.12%.

Insider Buying and Selling

In related news, SVP Elizabeth H. Baran sold 2,175 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $221.78, for a total transaction of $482,371.50. Following the sale, the senior vice president now directly owns 11,051 shares in the company, valued at $2,450,890.78. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the sale, the senior vice president now owns 11,051 shares of the company’s stock, valued at approximately $2,450,890.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lauren R. Hobart sold 40,167 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the completion of the sale, the chief executive officer now owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The disclosure for this sale can be found here. Insiders have sold a total of 209,763 shares of company stock worth $46,483,438 over the last ninety days. Company insiders own 30.79% of the company’s stock.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of analyst reports. Truist Financial increased their target price on DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a report on Friday, March 15th. TD Cowen raised their price objective on DICK’S Sporting Goods from $177.00 to $226.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Wells Fargo & Company raised their price objective on DICK’S Sporting Goods from $175.00 to $210.00 and gave the stock an “equal weight” rating in a report on Friday, March 15th. DA Davidson raised their price objective on DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Stifel Nicolaus raised their price objective on DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Hold” and a consensus price target of $208.64.

DICK’S Sporting Goods Profile

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.