1,387 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Acquired by HB Wealth Management LLC

HB Wealth Management LLC purchased a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,387 shares of the sporting goods retailer's stock, valued at approximately $317,000.

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

Insider Activity

In related news, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction on 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 transaction, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 172,933 shares of company stock valued at $39,655,456. Insiders own 32.03% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DKS. UBS Group upgraded 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 note on Wednesday, November 27th. Loop Capital upped their target price 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. Truist Financial increased their price target on shares of 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. Morgan Stanley lifted their price objective on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, 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 report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $246.57.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS traded up $4.38 during trading hours on Friday, hitting $250.09. 1,568,788 shares of the stock were exchanged, compared to its average volume of 1,113,785. DICK'S Sporting Goods, Inc. has a one year low of $148.95 and a one year high of $254.60. The company's 50 day moving average is $220.70 and its 200 day moving average is $214.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a market capitalization of $20.37 billion, a P/E ratio of 17.83, a P/E/G ratio of 2.69 and a beta of 1.58.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. 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 business posted $2.85 earnings per share. The firm's revenue was up .5% compared to the same quarter last year. On average, research analysts expect that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.76%. DICK'S Sporting Goods's dividend payout ratio is 31.45%.

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.