DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 91.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 998 shares of the sporting goods retailer's stock after selling 11,034 shares during the quarter. Cresset Asset Management LLC's holdings in DICK'S Sporting Goods were worth $228,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth about $28,000. Ancora Advisors LLC purchased a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth about $28,000. Rialto Wealth Management LLC purchased a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth about $30,000. Sound Income Strategies LLC grew its holdings in shares of DICK'S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after purchasing an additional 118 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of DICK'S Sporting Goods by 108.6% during the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of DKS stock traded down $5.04 on Friday, hitting $167.36. 1,834,394 shares of the stock traded hands, compared to its average volume of 1,251,977. 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 company has a market capitalization of $13.37 billion, a PE ratio of 11.96, a PEG ratio of 2.47 and a beta of 1.16. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The company's fifty day moving average is $190.30 and its 200 day moving average is $210.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.15. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.85 EPS. On average, equities research analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $1.2125 per share. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio is currently 34.54%.

DICK'S Sporting Goods announced that its board has initiated a stock buyback plan on Tuesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. DA Davidson restated a "buy" rating and issued a $273.00 price target on shares of DICK'S Sporting Goods in a report on Friday, May 16th. Wedbush restated a "neutral" rating and issued a $215.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Truist Financial set a $245.00 price target on DICK'S Sporting Goods in a report on Tuesday, March 11th. Wells Fargo & Company upped their price target on DICK'S Sporting Goods from $171.00 to $187.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Finally, Robert W. Baird decreased their price target on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $229.47.

DICK'S Sporting Goods Company 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.