2,640 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Purchased by Empirical Finance LLC

Empirical Finance LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,640 shares of the sporting goods retailer’s stock, valued at approximately $604,000.

Other institutional investors also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $28,000. Brooklyn Investment Group bought a new stake in DICK’S Sporting Goods in the 3rd quarter valued at $27,000. Sound Income Strategies LLC grew its position in DICK’S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 118 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of DICK’S Sporting Goods during the third quarter valued at about $30,000. Finally, True Wealth Design LLC lifted its stake in shares of 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 buying an additional 145 shares during the period. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $236.49 on Tuesday. The stock has a 50-day simple moving average of $229.24 and a 200 day simple moving average of $217.30. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 2.57 and a beta of 1.57. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods, Inc. has a 12-month low of $160.31 and a 12-month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates 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 period in the prior year, the business earned $2.85 earnings per share. On average, research analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid 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 (DPR) is currently 31.45%.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction on 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock worth $39,655,456 over the last 90 days. 32.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on DKS. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. TD Cowen boosted their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley raised their target price on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Wedbush reaffirmed a “neutral” rating and set a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.09.

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.