1,124 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Acquired by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. acquired a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,124 shares of the sporting goods retailer's stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in DICK'S Sporting Goods during the third quarter valued at $27,000. New Wave Wealth Advisors LLC acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at about $28,000. ORG Wealth Partners LLC purchased a new position in shares of DICK'S Sporting Goods in the 3rd quarter valued at about $30,000. True Wealth Design LLC raised its holdings in DICK'S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock worth $31,000 after purchasing an additional 145 shares during the period. Finally, Sound Income Strategies LLC boosted 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 purchasing an additional 118 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DICK'S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK'S Sporting Goods stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the transaction, the executive vice president now owns 16,504 shares of the company's stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the 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 in the company, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 172,933 shares of company stock valued at $39,655,456. Corporate insiders own 32.03% of the company's stock.

Analyst Ratings Changes

DKS has been the topic of a number of recent analyst reports. TD Cowen increased their target price on 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. Morgan Stanley lifted their target price on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Telsey Advisory Group restated an "outperform" rating and set a $260.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Argus increased their target price on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus target price of $248.09.

DICK'S Sporting Goods Stock Performance

Shares of DICK'S Sporting Goods stock traded up $2.60 during trading on Monday, reaching $236.49. The company's stock had a trading volume of 847,983 shares, compared to its average volume of 1,022,760. The company has a 50-day moving average price of $228.82 and a two-hundred day moving average price of $217.06. DICK'S Sporting Goods, Inc. has a fifty-two week low of $160.31 and a fifty-two week high of $254.60. The firm has a market cap of $19.27 billion, a PE ratio of 16.90, a P/E/G ratio of 2.57 and a beta of 1.57. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced 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. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.03 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.85 earnings per share. On average, analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's payout ratio is 31.45%.

DICK'S Sporting Goods Profile

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.