New Wave Wealth Advisors LLC Purchases Shares of 123 DICK’S Sporting Goods, Inc. (NYSE:DKS)

New Wave Wealth Advisors LLC purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 123 shares of the sporting goods retailer’s stock, valued at approximately $28,000.

Several other institutional investors also recently modified their holdings of the business. ORG Partners LLC lifted its holdings 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 worth $42,000 after buying an additional 54 shares during the period. CIBC Asset Management Inc raised its position in shares of DICK’S Sporting Goods by 1.7% during the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after acquiring an additional 54 shares during the last quarter. Stonegate Investment Group LLC lifted its stake in shares of DICK’S Sporting Goods by 2.9% in the fourth quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock worth $473,000 after acquiring an additional 58 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in DICK’S Sporting Goods by 3.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer’s stock valued at $470,000 after acquiring an additional 70 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its position in DICK’S Sporting Goods by 4.8% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,765 shares of the sporting goods retailer’s stock valued at $404,000 after purchasing an additional 81 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DKS shares. Argus boosted 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 report on Wednesday. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. TD Cowen increased their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Truist Financial boosted their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their target price for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Stock Down 4.0 %

Shares of NYSE DKS opened at $240.11 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The company has a market cap of $19.56 billion, a P/E ratio of 17.16, a P/E/G ratio of 2.79 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a 52 week low of $148.95 and a 52 week high of $254.60. The business has a 50-day simple moving average of $226.27 and a two-hundred day simple moving average of $216.06.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The company 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%. DICK’S Sporting Goods’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $2.85 earnings per share. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.83%. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

Insider Buying and Selling

In other news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. This trade represents a 23.25 % 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 worth $39,655,456. Corporate insiders own 32.03% of the company’s stock.

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.