DICK’S Sporting Goods, Inc. (NYSE:DKS) Position Increased by Stonegate Investment Group LLC

Stonegate Investment Group LLC raised its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,066 shares of the sporting goods retailer’s stock after buying an additional 58 shares during the period. Stonegate Investment Group LLC’s holdings in DICK’S Sporting Goods were worth $473,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of DKS. Brooklyn Investment Group acquired a new stake in shares of DICK’S Sporting Goods during the third quarter worth $27,000. Sound Income Strategies LLC increased its stake in DICK’S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 118 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in DICK’S Sporting Goods during the 3rd quarter worth about $30,000. True Wealth Design LLC lifted 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 valued at $31,000 after buying an additional 145 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of DICK’S Sporting Goods by 454.8% in the third quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer’s stock worth $36,000 after buying an additional 141 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 1.1 %

Shares of DICK’S Sporting Goods stock opened at $249.17 on Wednesday. DICK’S Sporting Goods, Inc. has a 12-month low of $148.95 and a 12-month high of $254.60. 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 stock has a 50 day moving average price of $223.65 and a two-hundred day moving average price of $215.44. The stock has a market capitalization of $20.30 billion, a P/E ratio of 17.81, a PEG ratio of 2.69 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion for 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 was up .5% compared to the same quarter last year. During the same period last year, the business posted $2.85 EPS. Equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given 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 1.77%. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

Insider Activity at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the company’s 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 transaction, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction 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 sold a total of 172,933 shares of company stock worth $39,655,456 in the last 90 days. 32.03% of the stock is owned by company insiders.

Analyst Ratings Changes

DKS has been the topic of a number of recent analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Loop Capital increased their target price 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. Morgan Stanley lifted their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Truist Financial raised their price objective 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. Finally, Wedbush reaffirmed a “neutral” rating and set a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $246.57.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.