26,798 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Bought by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. acquired a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 26,798 shares of the sporting goods retailer's stock, valued at approximately $6,132,000.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in DICK'S Sporting Goods during the third quarter worth $27,000. New Wave Wealth Advisors LLC bought a new position in DICK'S Sporting Goods during the fourth quarter worth $28,000. ORG Wealth Partners LLC bought a new position in DICK'S Sporting Goods during the third quarter worth $30,000. True Wealth Design LLC increased its position 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 acquiring an additional 145 shares during the period. Finally, Sound Income Strategies LLC increased its position in DICK'S Sporting Goods by 590.0% during the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after acquiring an additional 118 shares during the period. Institutional investors own 89.83% of the company's stock.

Insider Activity at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, the director now owns 50,997 shares in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DKS shares. Loop Capital boosted their target price on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th. Truist Financial lifted their price target on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their price target on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Argus lifted their price target on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Finally, Wedbush reiterated a "neutral" rating and set a $215.00 price target (down previously from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $248.09.

DICK'S Sporting Goods Stock Down 1.1 %

NYSE:DKS traded down $2.59 during trading hours on Wednesday, reaching $241.40. 960,185 shares of the stock were exchanged, compared to its average volume of 1,033,428. DICK'S Sporting Goods, Inc. has a twelve month low of $160.31 and a twelve month high of $254.60. 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 firm has a 50 day moving average of $230.53 and a 200 day moving average of $217.71. The stock has a market cap of $19.67 billion, a PE ratio of 17.26, a PEG ratio of 2.57 and a beta of 1.57.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business's revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.85 EPS. On average, equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 31.45%.

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.