Lakewood Asset Management LLC Sells 170 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Lakewood Asset Management LLC lessened its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,322 shares of the sporting goods retailer’s stock after selling 170 shares during the period. DICK’S Sporting Goods comprises about 1.2% of Lakewood Asset Management LLC’s holdings, making the stock its 22nd biggest position. Lakewood Asset Management LLC’s holdings in DICK’S Sporting Goods were worth $1,788,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. TFO Wealth Partners LLC lifted its stake in shares of DICK’S Sporting Goods by 37,250.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,241 shares of the sporting goods retailer’s stock valued at $329,000 after buying an additional 2,235 shares during the period. Todd Asset Management LLC raised its position in DICK’S Sporting Goods by 129.6% in the fourth quarter. Todd Asset Management LLC now owns 144,050 shares of the sporting goods retailer’s stock worth $21,168,000 after purchasing an additional 81,313 shares in the last quarter. Franklin Resources Inc. raised its position in DICK’S Sporting Goods by 22.0% in the fourth quarter. Franklin Resources Inc. now owns 118,140 shares of the sporting goods retailer’s stock worth $17,361,000 after purchasing an additional 21,342 shares in the last quarter. National Bank of Canada FI raised its position in DICK’S Sporting Goods by 1,313.0% in the fourth quarter. National Bank of Canada FI now owns 13,989 shares of the sporting goods retailer’s stock worth $2,042,000 after purchasing an additional 12,999 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new position in DICK’S Sporting Goods in the fourth quarter worth about $956,000. Institutional investors own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of DICK’S Sporting Goods stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,664,218.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the sale, the director now owns 5,609 shares in the company, valued at $1,159,099.85. The disclosure for this sale can be found here. Insiders have sold a total of 8,400 shares of company stock valued at $1,811,336 over the last three months. 32.03% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Trading Up 0.2 %

DKS stock traded up $0.52 during midday trading on Friday, reaching $224.64. The company’s stock had a trading volume of 889,991 shares, compared to its average volume of 1,128,913. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $234.47. The stock has a market cap of $18.31 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. The business’s 50-day simple moving average is $212.21 and its 200-day simple moving average is $200.47.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $3.40 earnings per share. As a group, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $1.10 per share. The ex-dividend date was Friday, June 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.96%. DICK’S Sporting Goods’s dividend payout ratio is 36.42%.

Wall Street Analyst Weigh In

DKS has been the subject of several recent research reports. Truist Financial increased their price target on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Stifel Nicolaus increased their price target on shares of DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Wells Fargo & Company dropped their price target on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. TD Cowen increased their price target on shares of DICK’S Sporting Goods from $224.00 to $266.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Finally, Citigroup raised their price objective on shares of DICK’S Sporting Goods from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.05.

DICK’S Sporting Goods 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.