Bath Savings Trust Co Has $2.11 Million Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Bath Savings Trust Co lifted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 95.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,202 shares of the sporting goods retailer’s stock after purchasing an additional 4,491 shares during the quarter. Bath Savings Trust Co’s holdings in DICK’S Sporting Goods were worth $2,106,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of DICK’S Sporting Goods in the third quarter worth approximately $27,000. ICA Group Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $28,000. ORG Wealth Partners LLC bought a new position in DICK’S Sporting Goods during the third quarter worth about $30,000. True Wealth Design LLC raised its holdings 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 during the period. Finally, Richardson Financial Services Inc. purchased a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $34,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 32.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Truist Financial upped their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Wedbush reiterated a “neutral” rating and set a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Finally, Loop Capital upped their target price 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. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $244.95.

DICK’S Sporting Goods Trading Down 0.7 %

Shares of DKS traded down $1.49 during mid-day trading on Tuesday, reaching $226.54. The stock had a trading volume of 492,703 shares, compared to its average volume of 853,080. DICK’S Sporting Goods, Inc. has a 52-week low of $137.44 and a 52-week high of $239.30. 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 cap of $18.46 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 2.52 and a beta of 1.58. The business’s fifty day moving average is $212.35 and its 200 day moving average is $212.90.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (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 business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the prior year, the firm posted $2.85 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

DICK’S Sporting Goods Company 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.