DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by Bath Savings Trust Co

Bath Savings Trust Co increased its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 95.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,202 shares of the sporting goods retailer's stock after acquiring an additional 4,491 shares during the quarter. Bath Savings Trust Co's holdings in DICK'S Sporting Goods were worth $2,106,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DKS. National Bank of Canada FI raised its stake in DICK'S Sporting Goods by 4.7% during the second quarter. National Bank of Canada FI now owns 37,843 shares of the sporting goods retailer's stock worth $7,649,000 after purchasing an additional 1,709 shares during the period. Arizona State Retirement System raised its stake in shares of DICK'S Sporting Goods by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 16,173 shares of the sporting goods retailer's stock valued at $3,475,000 after acquiring an additional 172 shares during the period. Savant Capital LLC raised its stake in shares of DICK'S Sporting Goods by 3.3% in the 2nd quarter. Savant Capital LLC now owns 11,678 shares of the sporting goods retailer's stock valued at $2,509,000 after acquiring an additional 371 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of DICK'S Sporting Goods by 30.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,300 shares of the sporting goods retailer's stock valued at $279,000 after acquiring an additional 300 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of DICK'S Sporting Goods in the 2nd quarter valued at approximately $2,716,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded down $0.13 during mid-day trading on Tuesday, reaching $227.90. 1,027,437 shares of the company's stock were exchanged, compared to its average volume of 992,284. The business's fifty day simple moving average is $212.35 and its 200-day simple moving average is $212.90. The stock has a market capitalization of $18.57 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 2.52 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a 52-week low of $137.44 and a 52-week high of $239.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $3.03 billion. During the same period last year, the firm posted $2.85 EPS. DICK'S Sporting Goods's revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts expect that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.93%. DICK'S Sporting Goods's payout ratio is 31.45%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Loop Capital upped 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 note on Wednesday, November 27th. JPMorgan Chase & Co. upped their target price on shares of DICK'S Sporting Goods from $211.00 to $215.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $260.00 target price on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Truist Financial upped their target price 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. Finally, Wedbush reaffirmed a "neutral" rating and issued a $215.00 target price (down previously from $250.00) on shares of DICK'S Sporting Goods in a report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $244.95.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were 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 owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.03% of the company's stock.

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.