MTM Investment Management LLC Purchases 3,739 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

MTM Investment Management LLC raised its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 165.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,004 shares of the sporting goods retailer's stock after acquiring an additional 3,739 shares during the period. MTM Investment Management LLC's holdings in DICK'S Sporting Goods were worth $1,374,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DKS. Holocene Advisors LP acquired a new position in shares of DICK'S Sporting Goods in the 3rd quarter worth approximately $70,562,000. KBC Group NV raised its holdings in shares of DICK'S Sporting Goods by 887.3% in the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer's stock worth $52,253,000 after buying an additional 225,015 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of DICK'S Sporting Goods by 19,851.3% in the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock worth $43,512,000 after buying an additional 207,446 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of DICK'S Sporting Goods by 1,718.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer's stock worth $41,740,000 after buying an additional 189,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of DICK'S Sporting Goods in the 3rd quarter worth approximately $32,093,000. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Trading Down 1.9 %

DKS traded down $4.63 during mid-day trading on Friday, reaching $237.98. The stock had a trading volume of 860,970 shares, compared to its average volume of 1,028,015. DICK'S Sporting Goods, Inc. has a 52 week low of $165.31 and a 52 week 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. The stock has a market capitalization of $19.39 billion, a P/E ratio of 17.01, a P/E/G ratio of 2.57 and a beta of 1.57. The firm's fifty day simple moving average is $231.62 and its two-hundred day simple moving average is $218.09.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the company earned $2.85 EPS. The firm's revenue was up .5% on a year-over-year basis. On average, equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders 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 dividend yield of 1.85%. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of recent research reports. Truist Financial increased their target price on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $260.00 target price on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. TD Cowen increased their target price on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Loop Capital raised their price target on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Finally, Morgan Stanley raised 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. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.09.

Insider Transactions at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, 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 transaction of $36,817,550.00. Following the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK'S Sporting Goods stock in a transaction dated 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 represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock worth $39,655,456 in the last three months. Insiders own 32.03% of the company's stock.

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.