Hager Investment Management Services LLC Takes $866,000 Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Hager Investment Management Services LLC purchased a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,786 shares of the sporting goods retailer's stock, valued at approximately $866,000.

Several other institutional investors and hedge funds have also modified their holdings of DKS. Kerusso Capital Management LLC acquired a new position in shares of DICK'S Sporting Goods during the third quarter worth approximately $1,554,000. National Pension Service bought a new stake in shares of DICK'S Sporting Goods in the third quarter valued at about $4,195,000. Marion Wealth Management acquired a new stake in DICK'S Sporting Goods during the fourth quarter worth about $545,000. Strategy Asset Managers LLC bought a new position in DICK'S Sporting Goods during the third quarter valued at about $4,325,000. Finally, Landscape Capital Management L.L.C. raised its holdings in DICK'S Sporting Goods by 402.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer's stock valued at $3,202,000 after acquiring an additional 12,293 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded down $6.23 during mid-day trading on Friday, reaching $233.99. The company's stock had a trading volume of 767,865 shares, compared to its average volume of 1,028,015. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The stock has a market cap of $19.06 billion, a P/E ratio of 16.73, a PEG ratio of 2.57 and a beta of 1.57. DICK'S Sporting Goods, Inc. has a 1-year low of $156.65 and a 1-year high of $254.60. The business has a 50-day simple moving average of $228.82 and a two-hundred day simple moving average of $216.86.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 earnings per share. As a group, equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 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 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 1.88%. DICK'S Sporting Goods's payout ratio is presently 31.45%.

Analysts Set New Price Targets

A number of research analysts recently commented on DKS shares. Truist Financial upped their target price on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Wedbush reissued a "neutral" rating and issued a $215.00 target price (down from $250.00) on shares of DICK'S Sporting Goods in a report on Wednesday, November 27th. UBS Group raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and boosted their price target for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Morgan Stanley increased their price objective on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Finally, Loop Capital lifted their price objective on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $248.09.

Insider Transactions at DICK'S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business's 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 approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm's stock in a transaction dated 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 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. Over the last ninety days, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is currently owned by company insiders.

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.