Beaumont Financial Advisors LLC Has $12.96 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Beaumont Financial Advisors LLC boosted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,637 shares of the sporting goods retailer's stock after purchasing an additional 1,130 shares during the period. DICK'S Sporting Goods accounts for 1.0% of Beaumont Financial Advisors LLC's investment portfolio, making the stock its 28th biggest holding. Beaumont Financial Advisors LLC owned 0.07% of DICK'S Sporting Goods worth $12,961,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of DICK'S Sporting Goods in the third quarter worth $27,000. ORG Wealth Partners LLC acquired a new stake in shares of DICK'S Sporting Goods during the 3rd quarter valued at about $30,000. True Wealth Design LLC grew its stake in shares of 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 valued at $31,000 after buying an additional 145 shares in the last quarter. UMB Bank n.a. grew its stake in shares of DICK'S Sporting Goods by 454.8% in the 3rd quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer's stock valued at $36,000 after buying an additional 141 shares in the last quarter. Finally, ORG Partners LLC increased its holdings in DICK'S Sporting Goods by 37.0% in the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer's stock worth $42,000 after buying an additional 54 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded up $3.45 on Wednesday, hitting $237.94. The stock had a trading volume of 438,984 shares, compared to its average volume of 1,009,199. The company has a market capitalization of $19.38 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 2.60 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The firm's 50 day moving average price is $218.96 and its 200-day moving average price is $214.06. DICK'S Sporting Goods, Inc. has a twelve month low of $148.92 and a twelve month high of $239.30.

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 for the quarter, topping the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion for 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 company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 earnings per share. On average, equities research analysts predict that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share 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. Stockholders of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.85%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 31.45%.

Insider Activity at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were 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 in the company, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on DKS. Telsey Advisory Group reiterated an "outperform" rating and issued a $260.00 target price on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Loop Capital upped their price objective on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. TD Cowen increased 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. Wedbush reissued a "neutral" rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Finally, Truist Financial lifted 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 report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus target price of $246.57.

DICK'S Sporting Goods Company 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.