Kingsview Wealth Management LLC Purchases 385 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Kingsview Wealth Management LLC raised its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,337 shares of the sporting goods retailer’s stock after purchasing an additional 385 shares during the quarter. Kingsview Wealth Management LLC’s holdings in DICK’S Sporting Goods were worth $993,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of DICK’S Sporting Goods by 454.8% in the third quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer’s stock worth $36,000 after acquiring an additional 141 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of DICK’S Sporting Goods by 10.9% in the third quarter. Valeo Financial Advisors LLC now owns 1,120 shares of the sporting goods retailer’s stock worth $234,000 after acquiring an additional 110 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of DICK’S Sporting Goods by 103.6% in the third quarter. Exchange Traded Concepts LLC now owns 1,680 shares of the sporting goods retailer’s stock worth $351,000 after acquiring an additional 855 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of DICK’S Sporting Goods in the third quarter worth approximately $30,000. Finally, ORG Partners LLC grew its stake in shares of DICK’S Sporting Goods by 37.0% in the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after acquiring an additional 54 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Insider Transactions at DICK’S Sporting Goods

In related 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 value of $36,817,550.00. Following the sale, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on DKS shares. Argus lifted their price target on shares of 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. Morgan Stanley lifted their price target on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Loop Capital raised their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. 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. Finally, TD Cowen raised their price objective on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Price Performance

DKS stock opened at $244.13 on Wednesday. DICK’S Sporting Goods, Inc. has a one year low of $160.31 and a one year high of $254.60. The company’s fifty day moving average price is $229.93 and its 200-day moving average price is $217.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a market capitalization of $19.89 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 2.57 and a beta of 1.57.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results 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 net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the firm earned $2.85 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

About DICK’S Sporting Goods

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.