Hilltop National Bank Acquires 1,295 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Hilltop National Bank boosted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,709 shares of the sporting goods retailer’s stock after buying an additional 1,295 shares during the period. Hilltop National Bank’s holdings in DICK’S Sporting Goods were worth $1,306,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DKS. Brooklyn Investment Group bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth approximately $27,000. ICA Group Wealth Management LLC bought a new position in DICK’S Sporting Goods in the second quarter worth $28,000. ORG Wealth Partners LLC acquired a new stake in DICK’S Sporting Goods during the third quarter worth $30,000. True Wealth Design LLC boosted its stake in DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after buying an additional 145 shares in the last quarter. Finally, Richardson Financial Services Inc. bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $34,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Trading Down 1.1 %

Shares of DICK’S Sporting Goods stock traded down $2.59 on Friday, reaching $230.94. 271,343 shares of the company’s stock were exchanged, compared to its average volume of 838,465. The company has a market capitalization of $18.82 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 2.52 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a 52 week low of $137.44 and a 52 week high of $239.30. 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 firm’s 50-day moving average is $214.24 and its two-hundred day moving average is $213.17.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the company posted $2.85 EPS. The firm’s revenue was up .5% compared to the same quarter last year. Sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Insiders Place Their Bets

In related news, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction that occurred on 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 32.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DKS shares. Wedbush reiterated a “neutral” rating and issued a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Truist Financial increased their target price on shares of 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. TD Cowen boosted their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Loop Capital raised their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $246.10.

About DICK’S Sporting Goods

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.