Richard C. Young & CO. LTD. Purchases Shares of 26,798 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Richard C. Young & CO. LTD. acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, Holdings Channel reports. The fund acquired 26,798 shares of the sporting goods retailer’s stock, valued at approximately $6,132,000.

Several other institutional investors also recently modified their holdings of the stock. Brooklyn Investment Group bought a new stake in DICK’S Sporting Goods during the third quarter valued at approximately $27,000. New Wave Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth $28,000. ORG Wealth Partners LLC purchased a new position in DICK’S Sporting Goods in the third quarter worth $30,000. True Wealth Design LLC grew its position 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 worth $31,000 after acquiring an additional 145 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in DICK’S Sporting Goods by 590.0% in the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock valued at $32,000 after acquiring an additional 118 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction dated 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 sale, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,697,956.15. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 over the last ninety days. Company insiders own 32.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. 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. TD Cowen lifted their price target on shares of 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. Truist Financial boosted their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley increased their target price on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $248.09.

DICK’S Sporting Goods Stock Down 2.6 %

Shares of DICK’S Sporting Goods stock opened at $233.99 on Friday. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods, Inc. has a 12-month low of $156.65 and a 12-month high of $254.60. The company has a market cap of $19.06 billion, a P/E ratio of 16.73, a PEG ratio of 2.57 and a beta of 1.57. The company’s fifty day simple moving average is $228.82 and its two-hundred day simple moving average is $216.95.

DICK’S Sporting Goods (NYSE:DKS) last announced 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 company had revenue of $3.06 billion for 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%. DICK’S Sporting Goods’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.85 earnings per share. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given 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 dividend yield of 1.88%. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

DICK’S Sporting Goods Company 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.