Byrne Asset Management LLC Lowers Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Byrne Asset Management LLC trimmed its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 19.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 867 shares of the sporting goods retailer’s stock after selling 210 shares during the quarter. Byrne Asset Management LLC’s holdings in DICK’S Sporting Goods were worth $198,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DKS. Cetera Investment Advisers raised its position in shares of DICK’S Sporting Goods by 54.6% in the 2nd quarter. Cetera Investment Advisers now owns 11,672 shares of the sporting goods retailer’s stock worth $2,508,000 after buying an additional 4,124 shares during the period. GAMMA Investing LLC raised its holdings in shares of DICK’S Sporting Goods by 21.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,164 shares of the sporting goods retailer’s stock worth $243,000 after purchasing an additional 202 shares during the period. Atomi Financial Group Inc. grew its holdings in shares of DICK’S Sporting Goods by 10.2% during the 3rd quarter. Atomi Financial Group Inc. now owns 1,236 shares of the sporting goods retailer’s stock worth $258,000 after purchasing an additional 114 shares during the period. UMB Bank n.a. grew its holdings in shares of 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 worth $36,000 after purchasing an additional 141 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in DICK’S Sporting Goods by 25.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,600 shares of the sporting goods retailer’s stock worth $7,040,000 after purchasing an additional 6,900 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DKS shares. Wedbush reaffirmed a “neutral” rating and set a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Truist Financial raised 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. Argus upped their target price on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. 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 equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus price target of $248.09.

Insider Buying and Selling

In other 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 directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $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. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 in the last quarter. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Trading Down 2.6 %

DICK’S Sporting Goods stock opened at $233.99 on Friday. DICK’S Sporting Goods, Inc. has a 1 year low of $156.65 and a 1 year high of $254.60. The firm’s 50-day moving average is $228.82 and its 200-day moving average is $216.86. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a market cap of $19.06 billion, a P/E ratio of 16.73, a PEG ratio of 2.73 and a beta of 1.57.

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, beating analysts’ consensus estimates of $2.68 by $0.07. The company 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%. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.85 earnings per share. On average, equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio 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.