Manning & Napier Advisors LLC Has $5.25 Million Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Manning & Napier Advisors LLC lessened its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,949 shares of the sporting goods retailer’s stock after selling 547 shares during the period. Manning & Napier Advisors LLC’s holdings in DICK’S Sporting Goods were worth $5,252,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in DICK’S Sporting Goods during the 3rd quarter worth approximately $27,000. ORG Wealth Partners LLC bought a new stake in DICK’S Sporting Goods during the third quarter worth $30,000. True Wealth Design LLC grew its holdings in DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after buying an additional 145 shares in the last quarter. Sound Income Strategies LLC raised its position in DICK’S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock valued at $32,000 after buying an additional 118 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in DICK’S Sporting Goods by 454.8% during the 3rd quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer’s stock valued at $36,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock worth $39,655,456 in the last three months. 32.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wedbush reiterated a “neutral” rating and issued a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. 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. Finally, Loop Capital upped their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $248.09.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $245.52 on Thursday. The firm has a market capitalization of $20.00 billion, a P/E ratio of 17.55, a PEG ratio of 2.69 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a one year low of $148.95 and a one year high of $254.60. 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 business has a fifty day moving average price of $224.68 and a 200-day moving average price of $215.65.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $2.85 EPS. As a group, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

DICK’S Sporting Goods Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.