Range Financial Group LLC Invests $2 Million in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Range Financial Group LLC purchased a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,727 shares of the sporting goods retailer's stock, valued at approximately $1,997,000. DICK'S Sporting Goods accounts for approximately 0.9% of Range Financial Group LLC's investment portfolio, making the stock its 28th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in DICK'S Sporting Goods by 1.2% during the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer's stock worth $473,945,000 after purchasing an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of DICK'S Sporting Goods by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer's stock worth $373,327,000 after buying an additional 57,672 shares during the period. Renaissance Technologies LLC boosted its holdings in DICK'S Sporting Goods by 51.4% during the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer's stock valued at $237,697,000 after acquiring an additional 375,600 shares during the period. Geode Capital Management LLC grew its holdings 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. Finally, Dimensional Fund Advisors LP grew its stake in shares of DICK'S Sporting Goods by 15.1% in the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer's stock worth $167,683,000 after acquiring an additional 102,609 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK'S Sporting Goods Stock Performance

DKS stock traded down $0.13 during mid-day trading on Tuesday, hitting $227.90. 1,027,437 shares of the company were exchanged, compared to its average volume of 992,284. The business has a 50 day simple moving average of $212.86 and a 200-day simple moving average of $212.89. The stock has a market capitalization of $18.57 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 2.52 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a 1-year low of $137.44 and a 1-year high of $239.30. 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 released its quarterly 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 net margin of 8.65% and a return on equity of 42.00%. 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 firm earned $2.85 earnings per share. DICK'S Sporting Goods's revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts forecast that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

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

Insider Activity

In other DICK'S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 32.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Truist Financial boosted their price objective on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and increased their target price for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $260.00 price objective on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. JPMorgan Chase & Co. upped their target price on shares of DICK'S Sporting Goods from $211.00 to $215.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. 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 research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.95.

DICK'S Sporting Goods Profile

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.