McBroom & Associates LLC Buys 822 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

McBroom & Associates LLC boosted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,563 shares of the sporting goods retailer’s stock after acquiring an additional 822 shares during the period. DICK’S Sporting Goods comprises approximately 5.9% of McBroom & Associates LLC’s portfolio, making the stock its 3rd largest position. McBroom & Associates LLC owned approximately 0.06% of DICK’S Sporting Goods worth $10,427,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DKS. Greenleaf Trust lifted its holdings 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 purchasing an additional 50 shares during the last quarter. ORG Partners LLC lifted its stake in DICK’S Sporting Goods by 37.0% in the third 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 boosted its holdings in shares of DICK’S Sporting Goods by 1.7% in the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock valued at $675,000 after acquiring an additional 54 shares during the period. Stonegate Investment Group LLC boosted its holdings in shares of DICK’S Sporting Goods by 2.9% in the fourth quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock valued at $473,000 after acquiring an additional 58 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of DICK’S Sporting Goods by 3.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer’s stock worth $470,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DKS. Truist Financial increased 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 note on Wednesday, November 27th. Morgan Stanley raised their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Argus increased their price objective on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. TD Cowen boosted their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Loop Capital increased their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.09.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $236.49 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $229.24 and its 200 day moving average price is $217.30. DICK’S Sporting Goods, Inc. has a 52 week low of $160.31 and a 52 week high of $254.60. The stock has a market cap of $19.27 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 2.57 and a beta of 1.57.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the company posted $2.85 EPS. The company’s revenue was up .5% on a year-over-year basis. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.86%. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This represents a 23.25 % 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 quarter. 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.