Massmutual Trust Co. FSB ADV Buys 122 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Massmutual Trust Co. FSB ADV raised its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 141.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208 shares of the sporting goods retailer’s stock after purchasing an additional 122 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in DICK’S Sporting Goods were worth $45,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. TFO Wealth Partners LLC boosted its holdings in DICK’S Sporting Goods by 37,250.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,241 shares of the sporting goods retailer’s stock valued at $329,000 after purchasing an additional 2,235 shares during the period. Todd Asset Management LLC boosted its holdings in DICK’S Sporting Goods by 129.6% in the 4th quarter. Todd Asset Management LLC now owns 144,050 shares of the sporting goods retailer’s stock valued at $21,168,000 after purchasing an additional 81,313 shares during the period. Franklin Resources Inc. boosted its holdings in DICK’S Sporting Goods by 22.0% in the 4th quarter. Franklin Resources Inc. now owns 118,140 shares of the sporting goods retailer’s stock valued at $17,361,000 after purchasing an additional 21,342 shares during the period. National Bank of Canada FI boosted its holdings in DICK’S Sporting Goods by 1,313.0% in the 4th quarter. National Bank of Canada FI now owns 13,989 shares of the sporting goods retailer’s stock valued at $2,042,000 after purchasing an additional 12,999 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at about $956,000. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DKS. Stifel Nicolaus boosted their price objective on shares of DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a report on Thursday, May 30th. UBS Group upped their price target on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Truist Financial upped their price target on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Wells Fargo & Company upped their price target on shares of DICK’S Sporting Goods from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Finally, Barclays upped their price target on shares of DICK’S Sporting Goods from $231.00 to $247.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $236.18.

Insider Activity

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at $3,664,218.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,400 shares of company stock valued at $1,811,336. 32.03% of the stock is currently owned by insiders.

DICK’S Sporting Goods Trading Down 0.4 %

Shares of NYSE DKS opened at $196.83 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $234.47. The firm has a 50 day moving average price of $213.90 and a two-hundred day moving average price of $197.85. The stock has a market cap of $16.04 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.36. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the company posted $3.40 EPS. The company’s revenue was up 6.2% on a year-over-year basis. As a group, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

About DICK’S Sporting Goods

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.