Range Financial Group LLC Makes New $2 Million Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Range Financial Group LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,727 shares of the sporting goods retailer’s stock, valued at approximately $1,997,000. DICK’S Sporting Goods comprises 0.9% of Range Financial Group LLC’s holdings, making the stock its 28th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of DICK’S Sporting Goods in the third quarter valued at about $27,000. ICA Group Wealth Management LLC acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at about $28,000. ORG Wealth Partners LLC acquired a new stake in shares of DICK’S Sporting Goods in the third quarter valued at about $30,000. True Wealth Design LLC grew its position in shares of DICK’S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after purchasing an additional 145 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at about $34,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 32.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DKS. Truist Financial lifted their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Wedbush reissued a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $0.13 during trading on Tuesday, reaching $227.90. The stock had a trading volume of 1,027,437 shares, compared to its average volume of 991,179. DICK’S Sporting Goods, Inc. has a 52 week low of $137.44 and a 52 week high of $239.30. The business’s 50-day moving average price is $212.35 and its 200 day moving average price is $212.90. 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 stock has a market capitalization of $18.57 billion, a PE ratio of 16.29, a P/E/G ratio of 2.52 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $2.85 earnings per share. As a group, equities 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 business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

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.