Kestra Investment Management LLC boosted its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 86.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,775 shares of the sporting goods retailer's stock after purchasing an additional 1,752 shares during the period. Kestra Investment Management LLC's holdings in DICK'S Sporting Goods were worth $864,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in DKS. Atria Wealth Solutions Inc. grew its holdings in shares of DICK'S Sporting Goods by 2.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer's stock worth $577,000 after acquiring an additional 54 shares during the period. Kornitzer Capital Management Inc. KS bought a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at about $486,000. Sanctuary Advisors LLC increased its position in shares of DICK'S Sporting Goods by 2.4% during the 4th quarter. Sanctuary Advisors LLC now owns 49,506 shares of the sporting goods retailer's stock valued at $12,378,000 after purchasing an additional 1,142 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of DICK'S Sporting Goods by 2.5% during the 4th quarter. Principal Financial Group Inc. now owns 187,068 shares of the sporting goods retailer's stock valued at $42,809,000 after purchasing an additional 4,491 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of DICK'S Sporting Goods by 11.8% in the 4th quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock worth $821,000 after purchasing an additional 380 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on DKS shares. TD Cowen boosted their target price on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Truist Financial upped their price objective on 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. Argus raised their target price on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Morgan Stanley boosted their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Finally, Loop Capital raised their price objective on 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. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $248.09.
Read Our Latest Stock Analysis on DICK'S Sporting Goods
Insider Activity at DICK'S Sporting Goods
In related news, Director Lawrence J. Schorr sold 7,333 shares of the 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 transaction, the director now owns 50,997 shares of the company's stock, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods stock in a transaction dated 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 owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is owned by corporate insiders.
DICK'S Sporting Goods Price Performance
DKS stock traded down $6.80 during mid-day trading on Friday, hitting $224.70. The company had a trading volume of 1,175,056 shares, compared to its average volume of 899,847. The company has a 50-day moving average price of $232.99 and a 200 day moving average price of $219.15. DICK'S Sporting Goods, Inc. has a 12-month low of $165.75 and a 12-month high of $254.60. The company has a market capitalization of $18.31 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 2.47 and a beta of 1.57. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.
DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts' consensus estimates 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 in the previous year, the business earned $2.85 earnings per share. The firm's revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.
DICK'S Sporting Goods Dividend Announcement
The company 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 1.96%. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.
About DICK'S Sporting Goods
(
Free Report)
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.
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