942 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Acquired by denkapparat Operations GmbH

denkapparat Operations GmbH purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 942 shares of the sporting goods retailer’s stock, valued at approximately $216,000.

A number of other large investors also recently bought and sold shares of the stock. Marion Wealth Management acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth $545,000. Argus Investors Counsel Inc. acquired a new stake in DICK’S Sporting Goods during the fourth quarter worth about $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of DICK’S Sporting Goods by 78.2% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer’s stock worth $2,631,000 after purchasing an additional 5,046 shares during the period. Bridgewater Associates LP lifted its stake in shares of DICK’S Sporting Goods by 245.7% in the 3rd quarter. Bridgewater Associates LP now owns 6,002 shares of the sporting goods retailer’s stock valued at $1,253,000 after purchasing an additional 4,266 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of DICK’S Sporting Goods by 11.8% during the 4th quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer’s stock worth $821,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s 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 document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction 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 transaction, the chairman now owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 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 Price Performance

Shares of DKS opened at $202.09 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. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods, Inc. has a 52 week low of $182.84 and a 52 week high of $254.60. The stock has a 50 day moving average of $223.19 and a 200-day moving average of $216.50.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.85 earnings per share. As a group, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods declared that its board has initiated a share repurchase plan on Tuesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

DICK’S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $1.2125 per share. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. This represents a $4.85 annualized dividend and a yield of 2.40%. DICK’S Sporting Goods’s dividend payout ratio is 34.54%.

Analyst Ratings Changes

Several research firms recently commented on DKS. Telsey Advisory Group restated an “outperform” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a report on Friday, March 14th. Morgan Stanley lifted 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. Truist Financial set a $245.00 price target on DICK’S Sporting Goods in a report on Tuesday, March 11th. Wedbush reiterated a “neutral” rating and set a $215.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $220.00 price objective (down previously from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.50.

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.