Opinicus Capital Inc. Sells 53 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Opinicus Capital Inc. cut its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,743 shares of the sporting goods retailer’s stock after selling 53 shares during the quarter. Opinicus Capital Inc.’s holdings in DICK’S Sporting Goods were worth $399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DKS. Vest Financial LLC increased its stake in DICK’S Sporting Goods by 57.2% during the 4th quarter. Vest Financial LLC now owns 11,106 shares of the sporting goods retailer’s stock valued at $2,541,000 after purchasing an additional 4,040 shares in the last quarter. Conning Inc. increased its position in shares of DICK’S Sporting Goods by 55.9% during the fourth quarter. Conning Inc. now owns 2,310 shares of the sporting goods retailer’s stock valued at $529,000 after acquiring an additional 828 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in DICK’S Sporting Goods by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 143,713 shares of the sporting goods retailer’s stock worth $32,887,000 after acquiring an additional 657 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in DICK’S Sporting Goods in the 4th quarter valued at approximately $293,000. Finally, Argus Investors Counsel Inc. purchased a new stake in DICK’S Sporting Goods during the 4th quarter valued at $257,000. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the firm’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. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This trade represents 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 valued at $39,655,456 in the last three months. 32.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DKS has been the subject of several recent analyst reports. Argus boosted their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Wedbush reissued 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 report on Wednesday, November 27th. Truist Financial upped their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. TD Cowen lifted their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $233.99 on Friday. The stock has a market cap of $19.06 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.73 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 1 year low of $156.65 and a 1 year high of $254.60. The firm has a fifty day moving average price of $228.82 and a 200-day moving average price of $216.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly 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 business 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%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $2.85 earnings per share. Equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.88%. DICK’S Sporting Goods’s payout ratio is 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.