B. Metzler seel. Sohn & Co. AG Sells 313 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

August 20, 2022 Abraham Smith

DICK'S sporting goods logo B. Metzlerseel. Sohn & Co. AG reduced its stake in DICK’S Sporting Goods, Inc. (NYSE: DKS – Get Rating) stock by 12.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The company owned 2,112 shares of the sporting goods retailer after selling 313 shares during the quarter. B. Metzlerseel. Sohn & Co. AG’s shares in DICK’S Sporting Goods were valued at $211,000 at the time of the last SEC filing.

A number of other institutional investors have also recently changed their positions in DKS. Fifth Third Bancorp increased its stake in DICK’S Sporting Goods by 62.0% in the first quarter. Fifth Third Bancorp now owns 264 shares of the $26,000 sporting goods retailer after buying another 101 shares last quarter. South Dakota’s Sageworth Trust Co acquired a new position in DICK’S Sporting Goods stock valued at approximately $44,000 during the fourth quarter. Covestor Ltd acquired a new position in shares of DICK’S Sporting Goods valued at approximately $48,000 during the fourth quarter. HHM Wealth Advisors LLC acquired a new interest in shares of DICK’S Sporting Goods valued at approximately $51,000 during the first quarter. Finally, Quent Capital LLC acquired a new position in shares of DICK’S Sporting Goods valued at approximately $57,000 during the fourth quarter. Hedge funds and other institutional investors own 78.92% of the company’s shares.

DICK’S sporting goods inventory down 1.3%

NYSE: DKS shares opened at $111.05 on Friday. DICK’S Sporting Goods, Inc. has a 52-week low of $63.45 and a 52-week high of $147.39. The company has a market cap of $8.94 billion, a P/E of 8.58, a P/E of 2.09, and a beta of 1.63. The stock has a 50-day moving average price of $89.12 and a 200-day moving average price of $96.03. The company has a debt to equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 1.88.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last reported its earnings results on Wednesday, May 25th. The sporting goods retailer reported $2.85 EPS for the quarter, beating the consensus estimate of $2.43 by $0.42. DICK’S Sporting Goods had a return on equity of 58.42% and a net margin of 11.75%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.63 billion. In the same period last year, the company posted $3.79 per share. The company’s revenue fell 7.5% compared to the prior-year quarter. As a group, equity analysts expect DICK’S Sporting Goods, Inc. to post 10.77 EPS for the current fiscal year.

DICK’S Sporting Goods announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record received a dividend of $0.488 on Friday June 10th. The ex-dividend date of this dividend was Thursday June 9th. That equates to an annualized dividend of $1.95 and a yield of 1.76%. The payout ratio of DICK’S Sporting Goods is currently 15.07%.

Analyst upgrades and downgrades

Several analysts recently rated the stock. Cowen raised the target price for shares of DICK’S Sporting Goods to $128.00 from $126.00 and rated the company “outperform” in a report on Wednesday. DA Davidson lowered its target price on shares of DICK’S Sporting Goods to $123.00 in a research note on Thursday, May 26. Stifel Nicolaus increased his price target on shares of DICK’S Sporting Goods from $75.00 to $84.00 in a report on Wednesday, July 20. UBS Group lowered its price target for shares of DICK’S Sporting Goods to $85.00 in a research report on Thursday, May 26. Finally, the Telsey Advisory Group raised its target price on shares of DICK’S Sporting Goods from $110.00 to $125.00 and gave the company an outperform rating in a research note on Friday. One research analyst has rated the stock with a sell rating, nine with a hold rating and nine with a buy rating. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of Hold and a consensus price target of $116.47.

Insider buying and selling at DICK’S sporting goods

In related news, Director William J. Colombo acquired 5,000 shares of the company in a transaction Tuesday, May 31. The stock was purchased at an average price of $80.99 per share for a total value of $404,950.00. Upon completion of the purchase, the Director now owns 162,003 shares of the Company, valued at approximately $13,120,622.97. The acquisition was announced in a legal filing with the SEC, which can be accessed at this link. In related news, Director William J. Colombo acquired 5,000 shares of the company’s stock in a transaction Tuesday, May 31. The shares were purchased at an average price of $80.99 per share for a total value of $404,950.00. Upon completion of the acquisition, the Director now directly owns 162,003 shares of the Company, valued at $13,120,622.97. The acquisition was disclosed in a filing with the SEC, which can be accessed at this link. Also on Thursday, May 26, SVP John Edward Hayes III sold 1,200 shares of the company’s shares in a transaction. The shares sold at an average price of $84.57 for a total transaction of $101,484.00. Upon completion of the sale, the senior vice president now directly owns 34,231 shares of the company, valued at $2,894,915.67. The disclosure for this sale can be found here. Company insiders own 32.83% of the company’s shares.

DICK’S Sporting Goods Company Profile

(get rating)

DICK’S Sporting Goods, Inc, along with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The Company offers hardlines including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing equipment products; Clothing; and shoes and accessories.

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