1,590 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Purchased by Portfolio Design Labs LLC

Portfolio Design Labs LLC purchased a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,590 shares of the sporting goods retailer's stock, valued at approximately $364,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its position in DICK'S Sporting Goods by 1.2% in the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer's stock valued at $473,945,000 after buying an additional 27,155 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in DICK'S Sporting Goods by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer's stock valued at $373,327,000 after buying an additional 57,672 shares during the last quarter. Geode Capital Management LLC boosted its position in DICK'S Sporting Goods by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock valued at $217,169,000 after buying an additional 10,640 shares during the last quarter. KBC Group NV boosted its position in DICK'S Sporting Goods by 86.8% in the 4th quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock valued at $107,043,000 after buying an additional 217,390 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in DICK'S Sporting Goods in the 3rd quarter valued at $70,562,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DICK'S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK'S Sporting Goods stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value 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 approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is owned by insiders.

DICK'S Sporting Goods Stock Down 1.9 %

Shares of DKS traded down $4.63 during midday trading on Friday, hitting $237.98. The stock had a trading volume of 860,970 shares, compared to its average volume of 1,017,719. The company has a 50 day simple moving average of $231.62 and a two-hundred day simple moving average of $218.09. DICK'S Sporting Goods, Inc. has a twelve month low of $165.31 and a twelve month high of $254.60. The firm has a market cap of $19.39 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 2.57 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released 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 firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the business posted $2.85 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. On average, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors 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 1.85%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DKS shares. TD Cowen raised their price target on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley raised their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Truist Financial raised their price target on 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. 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 research report on Wednesday, November 27th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $260.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, DICK'S Sporting Goods has an average rating of "Moderate Buy" and a consensus target price of $248.09.

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.