Vest Financial LLC Has $2.54 Million Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Vest Financial LLC lifted its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 57.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,106 shares of the sporting goods retailer's stock after buying an additional 4,040 shares during the period. Vest Financial LLC's holdings in DICK'S Sporting Goods were worth $2,541,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. New Wave Wealth Advisors LLC acquired a new stake in DICK'S Sporting Goods in the fourth quarter valued at about $28,000. Brooklyn Investment Group purchased a new position in DICK'S Sporting Goods in the third quarter valued at about $27,000. Sound Income Strategies LLC increased its holdings in DICK'S Sporting Goods by 590.0% in the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock valued at $32,000 after buying an additional 118 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in DICK'S Sporting Goods in the third quarter valued at about $30,000. Finally, True Wealth Design LLC increased its holdings in DICK'S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock valued at $31,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded down $2.59 during midday trading on Wednesday, reaching $241.40. 960,185 shares of the stock traded hands, compared to its average volume of 1,033,428. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $230.53 and a two-hundred day moving average price of $217.71. The firm has a market cap of $19.67 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.57 and a beta of 1.57. DICK'S Sporting Goods, Inc. has a fifty-two week low of $160.31 and a fifty-two week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share 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 company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period 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, equities research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently declared 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 was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.82%. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction on Monday, January 6th. The shares were 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 directly owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DKS has been the subject of a number of research analyst reports. Loop Capital increased their target price 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. Telsey Advisory Group reaffirmed 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 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. Argus increased their target price on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Finally, UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently 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.