Argus Investors Counsel Inc. Buys New Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Argus Investors Counsel Inc. purchased a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,124 shares of the sporting goods retailer’s stock, valued at approximately $257,000.

A number of other large investors have also added to or reduced their stakes in DKS. Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth about $27,000. New Wave Wealth Advisors LLC purchased a new position in DICK’S Sporting Goods during the 4th quarter valued at about $28,000. ORG Wealth Partners LLC purchased a new position in DICK’S Sporting Goods during the 3rd quarter valued at about $30,000. True Wealth Design LLC lifted 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 during the period. Finally, Sound Income Strategies LLC lifted its position in DICK’S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock valued at $32,000 after acquiring an additional 118 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DKS. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Truist Financial lifted 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 report on Wednesday, November 27th. Argus lifted their target price on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Loop Capital lifted 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. Finally, Wedbush reaffirmed a “neutral” rating and issued a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $240.01 on Thursday. The firm has a 50 day moving average of $227.75 and a 200 day moving average of $216.50. 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 market capitalization of $19.55 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 2.73 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 12-month low of $155.78 and a 12-month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping 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 revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $2.85 earnings per share. On average, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current 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 1.83%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Insider Transactions at DICK’S Sporting Goods

In other news, 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 value of $1,697,956.15. Following the transaction, the director now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction on Monday, January 6th. The stock was 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 in the company, valued at $1,917,017,844. This trade represents a 1.88 % 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.

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.