CIBC Asset Management Inc Sells 81 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

CIBC Asset Management Inc lessened its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,151 shares of the sporting goods retailer’s stock after selling 81 shares during the quarter. CIBC Asset Management Inc’s holdings in DICK’S Sporting Goods were worth $721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Greenleaf Trust lifted its position in shares of DICK’S Sporting Goods by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock worth $394,000 after buying an additional 50 shares during the period. Stonegate Investment Group LLC lifted its position in shares of DICK’S Sporting Goods by 2.9% during the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock worth $473,000 after buying an additional 58 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of DICK’S Sporting Goods by 3.5% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer’s stock worth $470,000 after buying an additional 70 shares during the period. SeaCrest Wealth Management LLC lifted its position in shares of DICK’S Sporting Goods by 4.8% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,765 shares of the sporting goods retailer’s stock worth $404,000 after buying an additional 81 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its position in shares of DICK’S Sporting Goods by 9.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 1,092 shares of the sporting goods retailer’s stock worth $250,000 after buying an additional 90 shares during the period. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

DKS has been the subject of several research analyst reports. Loop Capital lifted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Truist Financial lifted their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley lifted their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Finally, UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.09.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’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 completion of the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,933 shares of company stock valued at $39,655,456. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Down 2.9 %

Shares of DICK’S Sporting Goods stock opened at $224.70 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods, Inc. has a 12 month low of $165.75 and a 12 month high of $254.60. The business has a fifty day simple moving average of $232.99 and a 200 day simple moving average of $219.15. The stock has a market cap of $18.31 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping 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 business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current 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 $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.96%. DICK’S Sporting Goods’s payout ratio is 31.45%.

DICK’S Sporting Goods Company 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.