Principal Securities Inc. Grows Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Principal Securities Inc. raised its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,589 shares of the sporting goods retailer’s stock after purchasing an additional 380 shares during the period. Principal Securities Inc.’s holdings in DICK’S Sporting Goods were worth $821,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at about $28,000. Brooklyn Investment Group bought a new stake in shares of DICK’S Sporting Goods in the third quarter worth about $27,000. Sound Income Strategies LLC grew its stake in shares of DICK’S Sporting Goods by 590.0% in the fourth 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. True Wealth Design LLC grew 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 worth $31,000 after purchasing an additional 145 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of DICK’S Sporting Goods in the third quarter worth about $49,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Up 0.2 %

NYSE:DKS opened at $231.35 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a market capitalization of $18.85 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 2.51 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a one year low of $165.40 and a one year high of $254.60. The business has a fifty day moving average price of $232.96 and a 200-day moving average price of $218.81.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the business posted $2.85 EPS. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. Sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.90%. DICK’S Sporting Goods’s payout ratio is presently 31.45%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction dated 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 transaction, the chairman now directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 172,933 shares of company stock worth $39,655,456. Corporate insiders own 32.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DKS. Argus raised their target price on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Truist Financial raised their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley raised their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Wedbush restated a “neutral” rating and issued a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods 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.