DICK’S Sporting Goods, Inc. (NYSE:DKS) Stake Raised by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. boosted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,396 shares of the sporting goods retailer’s stock after acquiring an additional 174 shares during the quarter. Great Lakes Retirement Inc.’s holdings in DICK’S Sporting Goods were worth $2,608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kerusso Capital Management LLC purchased a new position in DICK’S Sporting Goods during the third quarter valued at approximately $1,554,000. National Pension Service acquired a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at $4,195,000. Marion Wealth Management purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at $545,000. Strategy Asset Managers LLC acquired a new position in shares of DICK’S Sporting Goods in the third quarter worth $4,325,000. Finally, Argus Investors Counsel Inc. acquired a new stake in DICK’S Sporting Goods during the fourth quarter valued at $257,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $244.13 on Wednesday. DICK’S Sporting Goods, Inc. has a 52 week low of $160.31 and a 52 week high of $254.60. The firm has a market cap of $19.89 billion, a P/E ratio of 17.45, a P/E/G ratio of 2.57 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The business’s fifty day moving average is $229.93 and its two-hundred day moving average is $217.54.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion for 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 firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.85 earnings per share. Equities research analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis 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 is currently 31.45%.

Insider Buying and Selling

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction dated 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 transaction, the chairman now 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. In the last quarter, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their target price for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Argus raised their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley lifted their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.09.

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.