Marion Wealth Management Invests $545,000 in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Marion Wealth Management purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,383 shares of the sporting goods retailer’s stock, valued at approximately $545,000.

A number of other institutional investors have also recently modified their holdings of DKS. Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth $27,000. ICA Group Wealth Management LLC purchased a new stake in DICK’S Sporting Goods during the second quarter worth about $28,000. ORG Wealth Partners LLC acquired a new position in DICK’S Sporting Goods during the third quarter worth about $30,000. True Wealth Design LLC boosted its stake in shares of 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 worth $31,000 after acquiring an additional 145 shares in the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $34,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Down 2.2 %

DICK’S Sporting Goods stock traded down $5.03 during midday trading on Monday, hitting $224.79. 1,104,603 shares of the company were exchanged, compared to its average volume of 1,021,284. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK’S Sporting Goods, Inc. has a fifty-two week low of $139.48 and a fifty-two week high of $239.30. The company’s fifty day moving average price is $214.97 and its 200-day moving average price is $213.00. The company has a market cap of $18.31 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.54 and a beta of 1.61.

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 (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $2.85 earnings per share. On average, research 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 company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.96%. DICK’S Sporting Goods’s payout ratio is 31.45%.

Analyst Ratings Changes

A number of equities research analysts recently commented on DKS shares. TD Cowen increased their price objective on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Loop Capital upped their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Truist Financial lifted their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. 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. Finally, Wedbush reiterated a “neutral” rating and set a $215.00 price target (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 thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.10.

Insider Activity

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the 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 in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 32.03% of the company’s stock.

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.