Sage Private Wealth Group LLC Takes $210,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Sage Private Wealth Group LLC acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the fourth quarter, Holdings Channel.com reports. The firm acquired 915 shares of the sporting goods retailer’s stock, valued at approximately $210,000.

A number of other large investors also recently modified their holdings of DKS. Kerusso Capital Management LLC purchased a new stake in DICK’S Sporting Goods in the 3rd quarter worth approximately $1,554,000. National Pension Service bought a new position in shares of DICK’S Sporting Goods in the third quarter worth $4,195,000. Marion Wealth Management bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth $545,000. Strategy Asset Managers LLC purchased a new stake in shares of DICK’S Sporting Goods in the third quarter worth $4,325,000. Finally, Argus Investors Counsel Inc. bought a new stake in DICK’S Sporting Goods during the fourth quarter valued at $257,000. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $244.13 on Wednesday. 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 one year low of $160.31 and a one year high of $254.60. The business’s 50 day simple moving average is $229.93 and its two-hundred day simple moving average is $217.54. The stock has a market capitalization of $19.89 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 2.57 and a beta of 1.57.

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. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS 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. Stockholders of record on Friday, December 13th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DKS shares. Truist Financial upped 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. Morgan Stanley upped their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Argus raised their target price on shares of 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. Loop Capital boosted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Finally, Wedbush restated a “neutral” rating and set a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus price target of $248.09.

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was 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 owns 16,504 shares in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company’s stock.

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.