Portfolio Design Labs LLC Purchases Shares of 1,590 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Portfolio Design Labs LLC purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,590 shares of the sporting goods retailer’s stock, valued at approximately $364,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Greenleaf Trust grew its position in shares of DICK’S Sporting Goods by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock valued at $394,000 after buying an additional 50 shares during the last quarter. ORG Partners LLC grew its position in shares of DICK’S Sporting Goods by 37.0% in the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock valued at $42,000 after buying an additional 54 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of DICK’S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock valued at $675,000 after purchasing an additional 54 shares during the period. Stonegate Investment Group LLC lifted its stake in shares of DICK’S Sporting Goods by 2.9% in the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock valued at $473,000 after purchasing an additional 58 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of DICK’S Sporting Goods by 3.5% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer’s stock valued at $470,000 after purchasing an additional 70 shares during the period. Institutional investors own 89.83% of the company’s stock.

Insider Activity

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company’s 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 completion of the transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the company’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 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 disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock valued at $39,655,456 over the last three months. Corporate insiders own 32.03% of the company’s stock.

Analyst Ratings Changes

DKS has been the topic of a number of recent analyst reports. Loop Capital boosted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Truist Financial boosted their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Argus boosted their price objective 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. Finally, Morgan Stanley boosted their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $241.40 on Thursday. The company has a market cap of $19.67 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 2.57 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 52 week low of $160.31 and a 52 week high of $254.60. The business has a 50 day moving average price of $230.53 and a 200-day moving average price of $217.71. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data 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 firm 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 company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.85 earnings per share. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

DICK’S Sporting Goods 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.