Nilsine Partners LLC Increases Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Nilsine Partners LLC lifted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,746 shares of the sporting goods retailer's stock after buying an additional 1,732 shares during the quarter. Nilsine Partners LLC's holdings in DICK'S Sporting Goods were worth $4,748,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of DICK'S Sporting Goods in the 3rd quarter valued at $27,000. 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 valued at $32,000 after purchasing an additional 118 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in DICK'S Sporting Goods in the third quarter valued at about $30,000. True Wealth Design LLC raised its holdings in DICK'S Sporting Goods by 2,900.0% in the third 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 in the last quarter. Finally, UMB Bank n.a. raised its holdings in DICK'S Sporting Goods by 454.8% in the third quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer's stock worth $36,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Truist Financial upped their price target on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Wedbush reissued a "neutral" rating and issued a $215.00 price objective (down previously from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Finally, Argus increased their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus price target of $248.09.

Insider Activity at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's 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 approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares of the company's stock, valued at $11,808,355.35. The trade was a 12.57 % 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 valued at $39,655,456. 32.03% of the stock is owned by company insiders.

DICK'S Sporting Goods Stock Performance

NYSE DKS traded down $9.93 during mid-day trading on Friday, reaching $240.11. 1,117,173 shares of the stock were exchanged, compared to its average volume of 1,080,162. The business's 50 day moving average is $225.67 and its 200-day moving average is $215.89. The company has a market capitalization of $19.56 billion, a P/E ratio of 17.16, a P/E/G ratio of 2.79 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a 1 year low of $148.95 and a 1 year high of $254.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

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 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.07. The firm 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%. DICK'S Sporting Goods's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.85 EPS. On average, equities research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal 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 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 dividend yield of 1.83%. DICK'S Sporting Goods's dividend payout ratio (DPR) is 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.