Jump Financial LLC Sells 8,023 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Jump Financial LLC reduced its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) by 55.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,487 shares of the sporting goods retailer’s stock after selling 8,023 shares during the period. Jump Financial LLC’s holdings in DICK’S Sporting Goods were worth $704,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DKS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in DICK’S Sporting Goods by 7.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,056 shares of the sporting goods retailer’s stock valued at $2,306,000 after purchasing an additional 1,541 shares in the last quarter. Great West Life Assurance Co. Can raised its position in DICK’S Sporting Goods by 14.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 40,257 shares of the sporting goods retailer’s stock valued at $4,161,000 after purchasing an additional 5,111 shares in the last quarter. Yousif Capital Management LLC raised its position in DICK’S Sporting Goods by 0.6% during the 1st quarter. Yousif Capital Management LLC now owns 36,694 shares of the sporting goods retailer’s stock valued at $3,670,000 after purchasing an additional 217 shares in the last quarter. Sei Investments Co. raised its position in DICK’S Sporting Goods by 20.3% during the 1st quarter. Sei Investments Co. now owns 30,737 shares of the sporting goods retailer’s stock valued at $3,160,000 after purchasing an additional 5,182 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of DICK’S Sporting Goods by 34.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,047 shares of the sporting goods retailer’s stock worth $204,000 after acquiring an additional 524 shares in the last quarter. 68.21% of the stock is owned by institutional investors.

Insider Transactions at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 3,174 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $143.12, for a total value of $454,262.88. Following the sale, the director now owns 57,518 shares of the company’s stock, valued at $8,231,976.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DKS opened at $158.56 on Thursday. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $158.60. The company has a current ratio of 1.65, a quick ratio of 0.56 and a debt-to-equity ratio of 0.62. The stock has a market cap of $12.96 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 2.34 and a beta of 1.53. The business’s 50 day moving average is $144.89 and its 200-day moving average is $127.67.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last issued its earnings results on Tuesday, November 21st. The sporting goods retailer reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.41. DICK’S Sporting Goods had a net margin of 7.76% and a return on equity of 40.94%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the business posted $2.60 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts predict that DICK’S Sporting Goods, Inc. will post 12.37 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, December 14th. This represents a $4.00 annualized dividend and a dividend yield of 2.52%. DICK’S Sporting Goods’s payout ratio is 35.68%.

Analysts Set New Price Targets

Several research analysts recently weighed in on DKS shares. Truist Financial boosted their target price on DICK’S Sporting Goods from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley boosted their price objective on DICK’S Sporting Goods from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price target (up previously from $140.00) on shares of DICK’S Sporting Goods in a report on Friday, November 17th. Citigroup raised their target price on DICK’S Sporting Goods from $112.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, November 22nd. Finally, Wedbush raised their target price on DICK’S Sporting Goods from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, November 22nd. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $144.19.

View Our Latest Stock Analysis on DKS

DICK’S Sporting Goods Company Profile

(Free Report)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

Read More

Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report).

Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

Receive News & Ratings for DICK'S Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DICK'S Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.