DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 78.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,495 shares of the sporting goods retailer's stock after buying an additional 5,046 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in DICK'S Sporting Goods were worth $2,631,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DKS. Brooklyn Investment Group bought a new position in shares of DICK'S Sporting Goods during the third quarter valued at $27,000. ORG Wealth Partners LLC purchased a new stake in DICK'S Sporting Goods during the 3rd quarter valued at about $30,000. True Wealth Design LLC increased its stake in DICK'S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Sound Income Strategies LLC raised its holdings in DICK'S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after acquiring an additional 118 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in DICK'S Sporting Goods by 454.8% in the 3rd quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer's stock valued at $36,000 after acquiring an additional 141 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Price Performance

DKS stock traded down $10.87 during mid-day trading on Friday, hitting $239.17. The company had a trading volume of 614,418 shares, compared to its average volume of 1,052,366. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $19.49 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 2.79 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a 12-month low of $148.95 and a 12-month high of $254.60. The company has a 50-day moving average price of $225.67 and a 200 day moving average price of $215.89.

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 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 during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the business posted $2.85 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. On average, research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 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. Stockholders of record on Friday, December 13th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.84%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 31.45%.

Insider Activity 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 completion of the sale, the chairman now owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the business's stock in a transaction dated 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 sale, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock valued at $39,655,456 in the last three months. 32.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Morgan Stanley lifted their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $260.00 target price on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Loop Capital raised their price target on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Truist Financial boosted their price objective on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, UBS Group upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their target price for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus target price of $248.09.

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.