Sage Private Wealth Group LLC Makes New Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Sage Private Wealth Group LLC purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 915 shares of the sporting goods retailer’s stock, valued at approximately $210,000.

Several other institutional investors have also recently made changes to their positions in DKS. Portfolio Design Labs LLC bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $364,000. McBroom & Associates LLC grew its position in DICK’S Sporting Goods by 1.8% in the 4th quarter. McBroom & Associates LLC now owns 45,563 shares of the sporting goods retailer’s stock valued at $10,427,000 after purchasing an additional 822 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in DICK’S Sporting Goods by 281.9% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 21,032 shares of the sporting goods retailer’s stock valued at $5,182,000 after purchasing an additional 15,525 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in DICK’S Sporting Goods during the fourth quarter worth $23,791,000. Finally, Richard C. Young & CO. LTD. acquired a new position in DICK’S Sporting Goods during the fourth quarter worth $6,132,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Truist Financial increased their price objective 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. Loop Capital raised their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, Wedbush reiterated a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.09.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the sale, the chairman now owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 over the last three months. 32.03% of the stock is currently owned by insiders.

DICK’S Sporting Goods Trading Up 3.2 %

Shares of DKS stock opened at $244.13 on Wednesday. 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 firm has a market cap of $19.89 billion, a P/E ratio of 17.45, a PEG ratio of 2.57 and a beta of 1.57. The company has a 50 day moving average of $229.93 and a 200-day moving average of $217.54. DICK’S Sporting Goods, Inc. has a 12-month low of $160.31 and a 12-month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK’S Sporting Goods’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.85 earnings per share. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

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.