TCW Group Inc. Sells 8,733 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

TCW Group Inc. reduced its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,104 shares of the sporting goods retailer’s stock after selling 8,733 shares during the period. TCW Group Inc.’s holdings in DICK’S Sporting Goods were worth $48,362,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in DICK’S Sporting Goods by 280.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after acquiring an additional 140 shares during the period. Blue Trust Inc. boosted its holdings in shares of DICK’S Sporting Goods by 236.8% in the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock valued at $43,000 after purchasing an additional 206 shares in the last quarter. Capital Analysts LLC boosted its holdings in shares of 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 acquiring an additional 257 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of DICK’S Sporting Goods by 2,505.3% during the 4th quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock valued at $73,000 after acquiring an additional 476 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in DICK’S Sporting Goods by 36.0% during the 3rd quarter. Fifth Third Bancorp now owns 688 shares of the sporting goods retailer’s stock worth $75,000 after buying an additional 182 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DKS has been the subject of several research analyst reports. Williams Trading raised DICK’S Sporting Goods from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $154.00 to $235.00 in a research report on Thursday, March 14th. Wedbush reiterated a “neutral” rating and issued a $210.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday. UBS Group upped their price target on shares of DICK’S Sporting Goods from $142.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. 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 research note on Friday, March 15th. Finally, The Goldman Sachs Group increased their target price on shares of DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $210.45.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the completion of the transaction, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The sale was disclosed in a document filed with the SEC, which is available through 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 value of $482,371.50. Following the sale, the senior vice president now directly owns 11,051 shares in the company, valued at approximately $2,450,890.78. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Edward W. Stack sold 151,210 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at $2,407,940,372.30. The disclosure for this sale can be found here. Insiders sold 209,763 shares of company stock valued at $46,483,438 over the last 90 days. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS traded up $2.86 on Thursday, reaching $186.60. The company’s stock had a trading volume of 957,944 shares, compared to its average volume of 1,108,115. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. The stock’s 50-day moving average is $205.92 and its two-hundred day moving average is $167.92. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $225.79. The stock has a market capitalization of $15.39 billion, a P/E ratio of 15.38, a PEG ratio of 2.30 and a beta of 1.61.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share 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 company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the business posted $2.93 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.27 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 2.36%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.12%.

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.