Level Four Advisory Services LLC Sells 255 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Level Four Advisory Services LLC cut its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,874 shares of the sporting goods retailer’s stock after selling 255 shares during the quarter. Level Four Advisory Services LLC’s holdings in DICK’S Sporting Goods were worth $266,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its position in DICK’S Sporting Goods by 196.7% in the first quarter. Brown Brothers Harriman & Co. now owns 178 shares of the sporting goods retailer’s stock valued at $25,000 after buying an additional 118 shares in the last quarter. Heritage Wealth Management LLC boosted its holdings in shares of DICK’S Sporting Goods by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 216 shares of the sporting goods retailer’s stock worth $26,000 after acquiring an additional 108 shares in the last quarter. Ridgewood Investments LLC bought a new stake in DICK’S Sporting Goods during the 1st quarter worth approximately $28,000. Fortis Capital Advisors LLC acquired a new stake in DICK’S Sporting Goods during the 1st quarter valued at $28,000. Finally, CoreCap Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 68.21% of the company’s stock.

Wall Street Analyst Weigh In

DKS has been the subject of several research analyst reports. Loop Capital dropped their price objective on shares of DICK’S Sporting Goods from $135.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, August 23rd. Wells Fargo & Company cut their target price on DICK’S Sporting Goods from $140.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 23rd. Telsey Advisory Group restated an “outperform” rating and set a $140.00 price objective (down previously from $160.00) on shares of DICK’S Sporting Goods in a report on Tuesday, August 22nd. Stephens reiterated an “equal weight” rating and issued a $141.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, August 22nd. Finally, Morgan Stanley reduced their price target on shares of DICK’S Sporting Goods from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 23rd. Thirteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $143.17.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director William J. Colombo purchased 2,200 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average cost of $110.00 per share, with a total value of $242,000.00. Following the completion of the transaction, the director now owns 170,192 shares in the company, valued at $18,721,120. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director William J. Colombo acquired 2,200 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average cost of $110.00 per share, with a total value of $242,000.00. Following the acquisition, the director now directly owns 170,192 shares of the company’s stock, valued at $18,721,120. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sandeep Mathrani bought 1,300 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, August 24th. The shares were bought at an average cost of $113.54 per share, for a total transaction of $147,602.00. Following the completion of the acquisition, the director now owns 6,647 shares in the company, valued at approximately $754,700.38. The disclosure for this purchase can be found here. Company insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Stock Down 2.2 %

DKS stock opened at $110.38 on Tuesday. The business’s 50 day simple moving average is $128.99 and its 200 day simple moving average is $134.57. DICK’S Sporting Goods, Inc. has a 1-year low of $98.01 and a 1-year high of $152.61. The firm has a market capitalization of $9.38 billion, a PE ratio of 9.79, a PEG ratio of 1.91 and a beta of 1.46. The company has a current ratio of 1.81, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, August 22nd. The sporting goods retailer reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the company posted $3.68 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 11.84 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Thursday, September 14th. DICK’S Sporting Goods’s dividend payout ratio is 35.49%.

DICK’S Sporting Goods Profile

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.