Bath Savings Trust Co Has $2.11 Million Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Bath Savings Trust Co raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 95.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,202 shares of the sporting goods retailer’s stock after acquiring an additional 4,491 shares during the period. Bath Savings Trust Co’s holdings in DICK’S Sporting Goods were worth $2,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in DICK’S Sporting Goods in the 3rd quarter valued at $27,000. ICA Group Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods in the second quarter worth about $28,000. ORG Wealth Partners LLC acquired a new position in DICK’S Sporting Goods during the 3rd quarter worth $30,000. True Wealth Design LLC boosted its holdings in DICK’S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after acquiring an additional 145 shares during the last quarter. Finally, Richardson Financial Services Inc. bought a new stake in DICK’S Sporting Goods during the 2nd quarter worth about $34,000. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Wedbush reaffirmed a “neutral” rating and issued a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Finally, Truist Financial lifted their price target 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. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods Stock Down 0.7 %

DKS stock traded down $1.49 during mid-day trading on Tuesday, reaching $226.54. The company had a trading volume of 492,703 shares, compared to its average volume of 853,080. DICK’S Sporting Goods, Inc. has a 52 week low of $137.44 and a 52 week high of $239.30. The company has a market capitalization of $18.46 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.52 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock has a 50 day simple moving average of $212.35 and a two-hundred day simple moving average of $212.90.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results 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 firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $2.85 earnings per share. As a group, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.94%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is 31.45%.

Insiders Place Their Bets

In other news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.