Pine Haven Investment Counsel Inc Invests $279,000 in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Pine Haven Investment Counsel Inc acquired a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,219 shares of the sporting goods retailer's stock, valued at approximately $279,000.

Several other institutional investors have also added to or reduced their stakes in the business. Brooklyn Investment Group bought a new position in shares of DICK'S Sporting Goods in the third quarter worth $27,000. ORG Wealth Partners LLC purchased a new stake in DICK'S Sporting Goods during the 3rd quarter worth about $30,000. True Wealth Design LLC boosted its stake in DICK'S Sporting Goods by 2,900.0% in the 3rd 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 during the period. UMB Bank n.a. grew its holdings in DICK'S Sporting Goods by 454.8% during the 3rd quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer's stock valued at $36,000 after buying an additional 141 shares in the last quarter. 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 buying an additional 54 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares of the company's stock, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the firm'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 sale, the chairman now directly owns 8,362,128 shares of the company's stock, valued at $1,917,017,844. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Trading Up 0.4 %

Shares of NYSE DKS traded up $0.96 during midday trading on Monday, reaching $228.09. The company had a trading volume of 1,054,586 shares, compared to its average volume of 906,565. The stock has a market cap of $18.58 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 2.62 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a one year low of $141.02 and a one year high of $239.30. The firm's fifty day moving average price is $218.26 and its 200-day moving average price is $213.83. 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 announced 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 return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The business's revenue was up .5% on a year-over-year basis. On average, equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's payout ratio is 31.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DKS shares. Loop Capital raised their price objective on shares of 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. TD Cowen raised their price target on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Truist Financial upped 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 report on Wednesday, November 27th. UBS Group raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $260.00 target price on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $246.10.

About DICK'S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.