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

Stonehearth Capital Management LLC decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor 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 reporting period.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Truist Financial increased their price target on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note 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. Wedbush reiterated a “neutral” rating and issued a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.95.

DICK’S Sporting Goods Stock Down 0.3 %

DKS stock traded down $0.75 during midday trading on Tuesday, hitting $227.28. The company’s stock had a trading volume of 419,812 shares, compared to its average volume of 838,134. DICK’S Sporting Goods, Inc. has a 52-week low of $137.44 and a 52-week high of $239.30. The firm has a 50-day simple moving average of $212.35 and a 200-day simple moving average of $212.90. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market capitalization 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 released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion during 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%. DICK’S Sporting Goods’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.85 EPS. As a group, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.94%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 32.03% of the stock is owned by insiders.

DICK’S Sporting Goods Company Profile

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.