Impact Partnership Wealth LLC Grows Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Impact Partnership Wealth LLC increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,679 shares of the sporting goods retailer’s stock after purchasing an additional 217 shares during the quarter. Impact Partnership Wealth LLC’s holdings in DICK’S Sporting Goods were worth $384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DKS. Sei Investments Co. lifted its position in shares of DICK’S Sporting Goods by 71.8% during the 2nd quarter. Sei Investments Co. now owns 45,917 shares of the sporting goods retailer’s stock worth $9,864,000 after buying an additional 19,191 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in DICK’S Sporting Goods by 21.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 17,657 shares of the sporting goods retailer’s stock worth $3,794,000 after acquiring an additional 3,079 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in DICK’S Sporting Goods during the 2nd quarter worth $183,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in DICK’S Sporting Goods by 56.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,275 shares of the sporting goods retailer’s stock valued at $2,422,000 after acquiring an additional 4,049 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in DICK’S Sporting Goods by 2.1% in the second quarter. Toronto Dominion Bank now owns 5,672 shares of the sporting goods retailer’s stock valued at $1,219,000 after acquiring an additional 116 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the firm’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 transaction, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods 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 transaction, the executive vice president now directly owns 16,504 shares in the company, 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. Over the last three months, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by company insiders.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $250.09 on Friday. The company has a market capitalization of $20.37 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.69 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. DICK’S Sporting Goods, Inc. has a 1 year low of $148.95 and a 1 year high of $254.60. The company’s 50 day simple moving average is $221.74 and its 200 day simple moving average is $214.79.

DICK’S Sporting Goods (NYSE:DKS) last announced 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 business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.85 earnings per share. On average, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 EPS 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 1.76%. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DKS. Morgan Stanley boosted their target price on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday. TD Cowen boosted their price objective on 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. Loop Capital raised their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Truist Financial upped their price target on shares of 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. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $246.57.

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.