Stonehearth Capital Management LLC Lowers Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Stonehearth Capital Management LLC cut its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,361 shares of the sporting goods retailer’s stock after selling 90 shares during the quarter. Stonehearth Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $311,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DKS. Renaissance Technologies LLC raised its stake in shares of DICK’S Sporting Goods by 51.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after acquiring an additional 375,600 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of DICK’S Sporting Goods during the third quarter worth $70,562,000. KBC Group NV lifted its holdings in shares of DICK’S Sporting Goods by 887.3% during the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock valued at $52,253,000 after purchasing an additional 225,015 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of DICK’S Sporting Goods by 19,851.3% in the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock worth $43,512,000 after purchasing an additional 207,446 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in DICK’S Sporting Goods by 1,718.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock worth $41,740,000 after buying an additional 189,000 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the transaction, the director now owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DKS shares. 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 note on Wednesday, November 27th. UBS Group raised 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. Wedbush reissued a “neutral” rating and set 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. JPMorgan Chase & Co. raised their price target on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Truist Financial boosted their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods Stock Performance

DKS stock traded down $0.75 during midday trading on Tuesday, hitting $227.28. 419,812 shares of the stock traded hands, compared to its average volume of 838,134. DICK’S Sporting Goods, Inc. has a 1-year low of $137.44 and a 1-year high of $239.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock’s fifty day simple moving average is $212.35 and its 200-day simple moving average is $212.90. The firm has a market cap of $18.52 billion, a P/E ratio of 16.25, a PEG ratio of 2.52 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last posted its 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 firm 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 company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $2.85 EPS. On average, analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.94%. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

About DICK’S Sporting Goods

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