Gratus Wealth Advisors LLC Decreases Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Gratus Wealth Advisors LLC decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,047 shares of the sporting goods retailer’s stock after selling 121 shares during the period. Gratus Wealth Advisors LLC’s holdings in DICK’S Sporting Goods were worth $468,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DKS. New Wave Wealth Advisors LLC purchased a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC lifted its stake in shares of 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 purchasing an additional 118 shares during the period. Bessemer Group Inc. boosted its holdings in DICK’S Sporting Goods by 108.6% during the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer’s stock worth $33,000 after buying an additional 76 shares in the last quarter. Finally, Promus Capital LLC acquired a new stake in DICK’S Sporting Goods during the fourth quarter valued at $48,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Citigroup reaffirmed a “neutral” rating and set a $220.00 price objective (down from $230.00) on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Loop Capital decreased their price objective on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating on the stock in a report on Thursday, March 13th. Morgan Stanley lifted their target price on shares of 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. Truist Financial set a $245.00 price target on DICK’S Sporting Goods in a research report on Tuesday, March 11th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $250.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, March 14th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus price target of $244.72.

DICK’S Sporting Goods Trading Down 1.9 %

Shares of DKS stock opened at $180.85 on Thursday. The stock has a market capitalization of $14.44 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. 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 50 day moving average price of $207.47 and a 200 day moving average price of $213.95.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.85 earnings per share. Equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Friday, March 28th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 34.54%.

DICK’S Sporting Goods declared that its Board of Directors has approved a share repurchase program on Tuesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, January 17th. The shares were 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 owns 16,504 shares in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 32.03% of the company’s stock.

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.