Invesco LLC Has $517,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Invesco LLC cut its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,260 shares of the sporting goods retailer’s stock after selling 168 shares during the period. Invesco LLC’s holdings in DICK’S Sporting Goods were worth $517,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Holocene Advisors LP acquired a new position in shares of DICK’S Sporting Goods in the third quarter worth approximately $70,562,000. KBC Group NV raised its holdings in 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 worth $52,253,000 after purchasing an additional 225,015 shares during the last quarter. International Assets Investment Management LLC lifted 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 during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of 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 purchasing an additional 189,000 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of DICK’S Sporting Goods during the third quarter worth $32,093,000. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DKS shares. Truist Financial boosted their target price 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. Loop Capital increased their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Argus boosted their target price on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $248.09.

DICK’S Sporting Goods Stock Down 0.9 %

NYSE:DKS traded down $2.25 on Wednesday, hitting $246.98. The stock had a trading volume of 33,792 shares, compared to its average volume of 1,062,533. DICK’S Sporting Goods, Inc. has a 1 year low of $148.95 and a 1 year high of $254.60. The firm’s fifty day simple moving average is $223.65 and its two-hundred day simple moving average is $215.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock has a market cap of $20.12 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 2.69 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. The business 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 business’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.85 earnings per share. Analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by company insiders.

About DICK’S Sporting Goods

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.