Arkadios Wealth Advisors Boosts Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Arkadios Wealth Advisors raised its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 82.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,494 shares of the sporting goods retailer's stock after buying an additional 3,395 shares during the quarter. Arkadios Wealth Advisors' holdings in DICK'S Sporting Goods were worth $1,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DKS. Brooklyn Investment Group acquired a new position in DICK'S Sporting Goods in the 3rd quarter worth $27,000. ORG Wealth Partners LLC acquired a new position in shares of DICK'S Sporting Goods during the third quarter worth about $30,000. True Wealth Design LLC boosted its position in shares of 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 during the period. UMB Bank n.a. grew its holdings in shares of DICK'S Sporting Goods by 454.8% during 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 in the last quarter. Finally, ORG Partners LLC raised its position in DICK'S Sporting Goods by 37.0% in the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer's stock valued at $42,000 after buying an additional 54 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their target price for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. TD Cowen raised their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Loop Capital upped their target price on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Wedbush restated a "neutral" rating and issued a $215.00 price target (down from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Finally, Truist Financial upped their price objective on 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. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $246.10.

Insiders Place Their Bets

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the sale, 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 SEC, which is available at this link. Also, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction dated Monday, January 6th. The stock was 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 of the company's stock, 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. Corporate insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Trading Up 0.4 %

Shares of DKS stock traded up $0.96 during mid-day trading on Friday, reaching $228.09. The stock had a trading volume of 1,054,586 shares, compared to its average volume of 906,565. The firm has a market capitalization of $18.58 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.62 and a beta of 1.58. The stock's 50-day moving average price is $217.66 and its two-hundred day moving average price is $213.54. 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, Inc. has a 52-week low of $141.02 and a 52-week high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm's revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 earnings per share. Equities analysts expect 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 firm also recently announced 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. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.93%. DICK'S Sporting Goods's dividend payout ratio is 31.45%.

DICK'S Sporting Goods Profile

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.