DICK’S Sporting Goods, Inc. (NYSE:DKS) is McBroom & Associates LLC’s 3rd Largest Position

McBroom & Associates LLC boosted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,563 shares of the sporting goods retailer’s stock after purchasing an additional 822 shares during the period. DICK’S Sporting Goods makes up approximately 5.9% of McBroom & Associates LLC’s portfolio, making the stock its 3rd biggest holding. McBroom & Associates LLC’s holdings in DICK’S Sporting Goods were worth $10,427,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DKS. UMB Bank n.a. raised its position in shares of 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 worth $36,000 after buying an additional 141 shares during the period. Valeo Financial Advisors LLC increased its stake in DICK’S Sporting Goods by 10.9% during the third quarter. Valeo Financial Advisors LLC now owns 1,120 shares of the sporting goods retailer’s stock worth $234,000 after acquiring an additional 110 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of DICK’S Sporting Goods by 103.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,680 shares of the sporting goods retailer’s stock worth $351,000 after purchasing an additional 855 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of DICK’S Sporting Goods by 29.9% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 25,257 shares of the sporting goods retailer’s stock valued at $5,271,000 after purchasing an additional 5,809 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 172,933 shares of company stock valued at $39,655,456. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $236.49 on Tuesday. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 2.57 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a one year low of $160.31 and a one year high of $254.60. The company’s 50-day simple moving average is $229.24 and its 200-day simple moving average is $217.30. 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 (NYSE:DKS) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. The company 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%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $2.85 EPS. Equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid 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 yield of 1.86%. DICK’S Sporting Goods’s payout ratio is 31.45%.

Analyst Ratings Changes

A number of brokerages have weighed in on DKS. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Truist Financial increased their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. TD Cowen boosted their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Argus increased their target price on DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.