Park Avenue Securities LLC Acquires 792 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Park Avenue Securities LLC increased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,088 shares of the sporting goods retailer’s stock after purchasing an additional 792 shares during the quarter. Park Avenue Securities LLC’s holdings in DICK’S Sporting Goods were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group bought a new stake in DICK’S Sporting Goods during the 3rd quarter valued at approximately $27,000. ORG Wealth Partners LLC bought a new stake in DICK’S Sporting Goods during the 3rd quarter valued at approximately $30,000. True Wealth Design LLC boosted its position in DICK’S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. UMB Bank n.a. boosted its position in DICK’S Sporting Goods by 454.8% during the 3rd quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer’s stock valued at $36,000 after acquiring an additional 141 shares in the last quarter. Finally, ORG Partners LLC boosted its position in DICK’S Sporting Goods by 37.0% during the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock valued at $42,000 after acquiring an additional 54 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the business’s 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 $1,917,017,844. The trade was a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $228.09 on Tuesday. The firm has a market cap of $18.58 billion, a PE ratio of 16.30, a P/E/G ratio of 2.62 and a beta of 1.58. 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 fifty day simple moving average of $218.26 and a two-hundred day simple moving average of $213.83. DICK’S Sporting Goods, Inc. has a 1-year low of $141.02 and a 1-year high of $239.30.

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 for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion during 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%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.85 EPS. On average, equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.93%. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DKS. Truist Financial lifted their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Loop Capital lifted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their target price for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Wedbush reiterated a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Finally, TD Cowen lifted their target price on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $246.10.

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.