Opinicus Capital Inc. Makes New $331,000 Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Opinicus Capital Inc. acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,249 shares of the sporting goods retailer’s stock, valued at approximately $331,000.

Other institutional investors also recently modified their holdings of the company. Cobblestone Capital Advisors LLC NY increased its stake in shares of DICK’S Sporting Goods by 1.2% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 8,546 shares of the sporting goods retailer’s stock worth $928,000 after acquiring an additional 100 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of DICK’S Sporting Goods by 1.8% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,479 shares of the sporting goods retailer’s stock valued at $952,000 after purchasing an additional 113 shares in the last quarter. Oder Investment Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 2.2% during the third quarter. Oder Investment Management LLC now owns 5,545 shares of the sporting goods retailer’s stock valued at $602,000 after purchasing an additional 117 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of DICK’S Sporting Goods by 280.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of DICK’S Sporting Goods by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 32,511 shares of the sporting goods retailer’s stock worth $3,530,000 after purchasing an additional 146 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Performance

DKS traded up $2.91 during trading on Friday, hitting $207.12. The company’s stock had a trading volume of 595,204 shares, compared to its average volume of 914,129. The business’s 50 day simple moving average is $198.51 and its 200-day simple moving average is $156.27. The firm has a market cap of $17.08 billion, a PE ratio of 17.00, a P/E/G ratio of 2.48 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $225.79. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the firm earned $2.93 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.12%. DICK’S Sporting Goods’s payout ratio is 36.12%.

Insider Buying and Selling

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the transaction, the chief executive officer now owns 280,136 shares of the company’s stock, valued at $62,736,457.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the sale, the chief executive officer now directly owns 280,136 shares in the company, valued at approximately $62,736,457.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the purchase, the insider now owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 209,763 shares of company stock valued at $46,483,438. 30.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. DA Davidson boosted their target price on DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Wells Fargo & Company increased their price objective on shares of DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. The Goldman Sachs Group lifted their target price on shares of DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Telsey Advisory Group increased their price target on shares of DICK’S Sporting Goods from $160.00 to $195.00 and gave the company an “outperform” rating in a report on Monday, March 11th. Finally, Truist Financial raised their price target on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $208.64.

DICK’S Sporting Goods 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.