SeaCrest Wealth Management LLC Buys 81 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

SeaCrest Wealth Management LLC increased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,765 shares of the sporting goods retailer’s stock after purchasing an additional 81 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in DICK’S Sporting Goods were worth $404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Kerusso Capital Management LLC acquired a new position in shares of DICK’S Sporting Goods during the third quarter worth $1,554,000. National Pension Service bought a new stake in DICK’S Sporting Goods during the 3rd quarter worth $4,195,000. Strategy Asset Managers LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter worth about $4,325,000. Marion Wealth Management bought a new position in DICK’S Sporting Goods in the fourth quarter valued at about $545,000. Finally, Landscape Capital Management L.L.C. boosted its stake in shares of DICK’S Sporting Goods by 402.9% during the third quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock valued at $3,202,000 after purchasing an additional 12,293 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DKS. Telsey Advisory Group reaffirmed 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. TD Cowen upped their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Truist Financial increased their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Wedbush reaffirmed 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. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $246.10.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction dated 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 directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. 32.03% of the stock is owned by insiders.

DICK’S Sporting Goods Stock Up 0.2 %

Shares of NYSE DKS opened at $226.94 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market cap of $18.49 billion, a PE ratio of 16.22, a P/E/G ratio of 2.62 and a beta of 1.58. The company’s fifty day simple moving average is $216.62 and its 200 day simple moving average is $213.16. DICK’S Sporting Goods, Inc. has a 12-month low of $139.75 and a 12-month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the firm earned $2.85 EPS. The business’s revenue was up .5% on a year-over-year basis. As a group, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.94%. DICK’S Sporting Goods’s dividend payout ratio is 31.45%.

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.