Larson Financial Group LLC Purchases 407 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Larson Financial Group LLC boosted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 51.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,199 shares of the sporting goods retailer’s stock after buying an additional 407 shares during the quarter. Larson Financial Group LLC’s holdings in DICK’S Sporting Goods were worth $176,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in DICK’S Sporting Goods by 1,305.5% in the fourth quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock worth $870,000 after purchasing an additional 5,496 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $695,000. Pacer Advisors Inc. grew its stake in shares of DICK’S Sporting Goods by 4.5% in the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after acquiring an additional 34,942 shares during the last quarter. Amalgamated Bank grew its stake in shares of DICK’S Sporting Goods by 20.2% in the third quarter. Amalgamated Bank now owns 47,899 shares of the sporting goods retailer’s stock worth $5,201,000 after acquiring an additional 8,061 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of DICK’S Sporting Goods by 237.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 16,814 shares of the sporting goods retailer’s stock worth $1,802,000 after acquiring an additional 11,832 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

DKS has been the topic of a number of recent research reports. Morgan Stanley increased their target price on DICK’S Sporting Goods from $160.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Truist Financial increased their target price on DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Jefferies Financial Group started coverage on DICK’S Sporting Goods in a research report on Friday, April 12th. They set a “hold” rating and a $211.00 price objective on the stock. Wells Fargo & Company increased their price objective on DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Finally, Robert W. Baird increased their price objective on DICK’S Sporting Goods from $145.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $208.64.

DICK’S Sporting Goods Stock Down 0.2 %

NYSE DKS opened at $205.59 on Thursday. The stock’s 50-day moving average price is $197.07 and its 200-day moving average price is $155.22. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $225.79. The company has a market capitalization of $16.95 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping the consensus estimate of $3.35 by $0.50. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.93 earnings per share. On average, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.14%. The ex-dividend date was Wednesday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.12%.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the transaction, the senior vice president now owns 11,051 shares in the company, valued at approximately $2,450,890.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the transaction, the senior vice president now owns 11,051 shares in the company, valued at approximately $2,450,890.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lauren R. Hobart sold 40,167 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $223.95, for a total value of $8,995,399.65. Following the completion of the transaction, the chief executive officer now owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The disclosure for this sale can be found here. Insiders sold 209,763 shares of company stock worth $46,483,438 in the last quarter. 30.79% of the stock is owned by corporate insiders.

DICK’S Sporting Goods 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.