Carolina Wealth Advisors LLC Reduces Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Carolina Wealth Advisors LLC lowered its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 37,089 shares of the sporting goods retailer’s stock after selling 630 shares during the period. DICK’S Sporting Goods makes up 4.6% of Carolina Wealth Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Carolina Wealth Advisors LLC’s holdings in DICK’S Sporting Goods were worth $8,487,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in DKS. Quest Partners LLC acquired a new stake in DICK’S Sporting Goods during the second quarter worth $92,000. Choreo LLC bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth about $288,000. American Century Companies Inc. boosted its holdings in DICK’S Sporting Goods by 10.8% during the second quarter. American Century Companies Inc. now owns 98,745 shares of the sporting goods retailer’s stock valued at $21,215,000 after purchasing an additional 9,642 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of DICK’S Sporting Goods by 14.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 18,413 shares of the sporting goods retailer’s stock valued at $3,936,000 after purchasing an additional 2,347 shares during the period. Finally, Federated Hermes Inc. raised its holdings in shares of DICK’S Sporting Goods by 174.5% in the 2nd quarter. Federated Hermes Inc. now owns 33,107 shares of the sporting goods retailer’s stock worth $7,113,000 after buying an additional 21,048 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Trading Up 2.6 %

DICK’S Sporting Goods stock opened at $226.31 on Thursday. The firm has a 50-day moving average of $216.62 and a 200-day moving average of $213.16. DICK’S Sporting Goods, Inc. has a one year low of $139.48 and a one year high of $239.30. 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 company has a market cap of $18.44 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 2.62 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the firm posted $2.85 earnings per share. The business’s revenue was up .5% on a year-over-year basis. On average, equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is presently 31.45%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DKS. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Loop Capital upped their price target 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. Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Wedbush reiterated a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a report 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $246.10.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the sale, the chairman now owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.03% of the stock is owned by insiders.

DICK’S Sporting Goods Company 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.