Mount Yale Investment Advisors LLC Lowers Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Mount Yale Investment Advisors LLC reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,533 shares of the sporting goods retailer’s stock after selling 46 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in DICK’S Sporting Goods were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of DICK’S Sporting Goods in the 3rd quarter worth about $27,000. Sound Income Strategies LLC increased its position in DICK’S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 118 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in DICK’S Sporting Goods during the 3rd quarter worth approximately $30,000. True Wealth Design LLC raised its holdings in DICK’S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after buying an additional 145 shares during the period. Finally, UMB Bank n.a. lifted its position in DICK’S Sporting Goods by 454.8% during the third quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer’s stock valued at $36,000 after buying an additional 141 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the transaction, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock worth $39,655,456 over the last 90 days. Insiders own 32.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DKS shares. Loop Capital increased their price objective 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. Wedbush reiterated a “neutral” rating and issued a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Morgan Stanley boosted their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Finally, TD Cowen raised their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $246.57.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $246.34 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. DICK’S Sporting Goods, Inc. has a 1 year low of $148.95 and a 1 year high of $254.60. The firm’s 50-day simple moving average is $222.66 and its 200-day simple moving average is $215.25. The firm has a market cap of $20.07 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 2.69 and a beta of 1.58.

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

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $1.10 dividend. 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 is presently 31.45%.

About DICK’S Sporting Goods

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.