Measured Wealth Private Client Group LLC Acquires New Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Measured Wealth Private Client Group LLC bought a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,281 shares of the sporting goods retailer's stock, valued at approximately $293,000.

A number of other large investors also recently made changes to their positions in DKS. Brooklyn Investment Group acquired a new position in shares of DICK'S Sporting Goods in the 3rd quarter valued at $27,000. New Wave Wealth Advisors LLC bought a new position in DICK'S Sporting Goods during the fourth quarter worth about $28,000. ORG Wealth Partners LLC acquired a new position in DICK'S Sporting Goods in the third quarter valued at about $30,000. True Wealth Design LLC increased its holdings in shares of 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 acquiring an additional 145 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of 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 worth $32,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analyst Weigh In

DKS has been the subject of several research analyst reports. TD Cowen boosted their price objective on 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 increased their price objective 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. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Telsey Advisory Group reiterated an "outperform" rating and set a $260.00 target price on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. Finally, Wedbush restated a "neutral" rating and issued a $215.00 price target (down from $250.00) on shares of DICK'S Sporting Goods in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $248.09.

DICK'S Sporting Goods Stock Performance

NYSE:DKS traded up $3.02 on Monday, hitting $236.91. The company's stock had a trading volume of 440,947 shares, compared to its average volume of 1,020,793. DICK'S Sporting Goods, Inc. has a one year low of $160.31 and a one year high of $254.60. The firm has a market capitalization of $19.30 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 2.57 and a beta of 1.57. The stock has a fifty day moving average of $228.82 and a two-hundred day moving average of $217.06. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

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, beating the consensus estimate of $2.68 by $0.07. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the firm earned $2.85 earnings per share. The company's revenue was up .5% on a year-over-year basis. Research analysts predict 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 paid 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 1.86%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 31.45%.

Insider Buying and Selling

In other news, Chairman Edward W. Stack sold 160,600 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the transaction, the chairman now directly owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the business's stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,933 shares of company stock valued at $39,655,456. Insiders own 32.03% of the company's stock.

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.