Cerity Partners LLC Sells 4,523 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Cerity Partners LLC cut its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 81.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,038 shares of the sporting goods retailer's stock after selling 4,523 shares during the quarter. Cerity Partners LLC's holdings in DICK'S Sporting Goods were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DKS. Park Square Financial Group LLC acquired a new stake in DICK'S Sporting Goods during the fourth quarter worth about $27,000. Ancora Advisors LLC bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $28,000. Bessemer Group Inc. grew its stake in shares of DICK'S Sporting Goods by 108.6% in the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock valued at $33,000 after purchasing an additional 76 shares during the period. Private Trust Co. NA grew its stake in shares of DICK'S Sporting Goods by 54.1% in the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after purchasing an additional 66 shares during the period. Finally, Golden State Wealth Management LLC grew its stake in shares of DICK'S Sporting Goods by 1,435.7% in the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock valued at $43,000 after purchasing an additional 201 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DKS shares. Wall Street Zen upgraded DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Robert W. Baird lowered their price objective on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, May 16th. TD Cowen lowered DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective on the stock. in a research note on Thursday, May 15th. DA Davidson restated a "buy" rating and set a $230.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, June 27th. Finally, Truist Financial set a $230.00 price target on DICK'S Sporting Goods in a research report on Wednesday, May 28th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $221.50.

DICK'S Sporting Goods Trading Down 2.1%

Shares of DKS stock traded down $4.48 during trading hours on Friday, reaching $207.03. The company had a trading volume of 629,988 shares, compared to its average volume of 1,492,222. The company has a 50 day moving average of $194.11 and a 200 day moving average of $203.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 3.04 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting analysts' consensus estimates of $3.37. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. On average, equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is 34.69%.

Insider Activity

In other DICK'S Sporting Goods news, EVP Navdeep Gupta sold 9,303 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $215.00, for a total transaction of $2,000,145.00. Following the completion of the transaction, the executive vice president owned 87,778 shares in the company, valued at approximately $18,872,270. This represents a 9.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $187.00, for a total value of $662,167.00. Following the transaction, the executive vice president owned 19,165 shares of the company's stock, valued at approximately $3,583,855. This trade represents a 15.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,866 shares of company stock worth $11,462,773. 32.55% of the stock is currently owned by insiders.

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.