DICK’S Sporting Goods, Inc. (NYSE:DKS) Holdings Trimmed by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 quarter.

Several other large investors have also bought and sold shares of the company. State Street Corp boosted its stake in DICK’S Sporting Goods by 1.2% during the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock valued at $473,945,000 after buying an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in DICK’S Sporting Goods by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock valued at $373,327,000 after buying an additional 57,672 shares in the last quarter. Geode Capital Management LLC boosted its stake in DICK’S Sporting Goods by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock valued at $217,169,000 after buying an additional 10,640 shares in the last quarter. KBC Group NV boosted its stake in DICK’S Sporting Goods by 86.8% during the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer’s stock valued at $107,043,000 after buying an additional 217,390 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of DICK’S Sporting Goods in the 3rd quarter valued at $70,562,000. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling at DICK’S Sporting Goods

In other 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 stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the sale, the chairman now directly 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 disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock valued at $39,655,456 in the last 90 days. 32.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Truist Financial increased their price target 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. Wedbush reiterated a “neutral” rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Morgan Stanley increased their price target 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. Loop Capital increased their price target 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. Finally, TD Cowen increased their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Stock Performance

DKS opened at $224.70 on Friday. The firm has a market capitalization of $18.31 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. The stock’s 50 day moving average price is $232.99 and its two-hundred day moving average price is $219.15. 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.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 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 last year, the firm posted $2.85 EPS. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share 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 issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 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.