Choreo LLC Sells 262 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Choreo LLC decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 15.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,386 shares of the sporting goods retailer’s stock after selling 262 shares during the period. Choreo LLC’s holdings in DICK’S Sporting Goods were worth $321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DKS. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of DICK’S Sporting Goods by 13.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,552 shares of the sporting goods retailer’s stock worth $12,045,000 after acquiring an additional 6,168 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth about $866,000. Stratos Wealth Partners LTD. increased its holdings in shares of DICK’S Sporting Goods by 9.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 1,092 shares of the sporting goods retailer’s stock worth $250,000 after buying an additional 90 shares during the last quarter. E. Ohman J or Asset Management AB raised its position in DICK’S Sporting Goods by 45.2% in the 4th quarter. E. Ohman J or Asset Management AB now owns 2,730 shares of the sporting goods retailer’s stock worth $625,000 after purchasing an additional 850 shares during the period. Finally, Trust Point Inc. raised its position in DICK’S Sporting Goods by 34.8% in the 4th quarter. Trust Point Inc. now owns 1,876 shares of the sporting goods retailer’s stock worth $429,000 after purchasing an additional 484 shares during the period. Institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were 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. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’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 transaction of $1,139,950.00. Following the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock worth $39,655,456 in the last 90 days. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $242.54 on Friday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $164.32 and a fifty-two week high of $254.60. The firm’s 50 day moving average price is $231.20 and its 200 day moving average price is $217.88. The company has a market cap of $19.76 billion, a P/E ratio of 17.34, a PEG ratio of 2.57 and a beta of 1.57. 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 (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the firm earned $2.85 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts forecast 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 company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.81%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Analysts Set New Price Targets

DKS has been the topic of a number of research analyst reports. Truist Financial upped their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. TD Cowen raised 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 report on Wednesday, January 8th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their target price for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Loop Capital raised their price target on shares of 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, Morgan Stanley lifted their target price on shares of 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. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $248.09.

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.