Whalen Wealth Management Inc. Takes Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Whalen Wealth Management Inc. bought a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,184 shares of the sporting goods retailer's stock, valued at approximately $271,000.

Several other institutional investors and hedge funds have also modified their holdings of DKS. State Street Corp increased its position in shares of DICK'S Sporting Goods by 1.2% in the third 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 during the period. Charles Schwab Investment Management Inc. grew its stake in DICK'S Sporting Goods by 3.3% during the third 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 in the last quarter. Geode Capital Management LLC increased 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 period. AQR Capital Management LLC lifted its holdings in shares of DICK'S Sporting Goods by 40.2% during the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer's stock worth $117,103,000 after acquiring an additional 156,227 shares during the period. Finally, Holocene Advisors LP acquired a new stake in shares of DICK'S Sporting Goods during the 3rd quarter worth approximately $70,562,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DKS has been the subject of several research analyst reports. Wedbush restated a "neutral" rating and set a $215.00 price objective (down from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Loop Capital boosted their price target on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Truist Financial boosted their target price on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, 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 research note on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.57.

DICK'S Sporting Goods Trading Up 4.2 %

Shares of DICK'S Sporting Goods stock traded up $10.00 during midday trading on Thursday, reaching $246.46. The company had a trading volume of 1,601,656 shares, compared to its average volume of 1,084,779. The firm has a market cap of $20.08 billion, a PE ratio of 17.62, a P/E/G ratio of 2.67 and a beta of 1.58. The stock has a fifty day moving average price of $219.75 and a 200 day moving average price of $214.22. 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, Inc. has a fifty-two week low of $148.92 and a fifty-two week high of $246.74.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 EPS. On average, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given 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 1.79%. DICK'S Sporting Goods's payout ratio is 31.45%.

Insider Buying and Selling

In related news, 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 transaction, the executive vice president now directly owns 16,504 shares of the company's stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods 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 trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock valued at $39,655,456 over the last 90 days. Company insiders own 32.03% of the company's stock.

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.