DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lifted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,679 shares of the sporting goods retailer’s stock after buying an additional 217 shares during the quarter. Impact Partnership Wealth LLC’s holdings in DICK’S Sporting Goods were worth $384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. lifted its holdings in DICK’S Sporting Goods by 71.8% during the second quarter. Sei Investments Co. now owns 45,917 shares of the sporting goods retailer’s stock valued at $9,864,000 after purchasing an additional 19,191 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of DICK’S Sporting Goods by 21.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 17,657 shares of the sporting goods retailer’s stock worth $3,794,000 after purchasing an additional 3,079 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $183,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in DICK’S Sporting Goods by 56.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,275 shares of the sporting goods retailer’s stock valued at $2,422,000 after buying an additional 4,049 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in DICK’S Sporting Goods by 2.1% in the 2nd quarter. Toronto Dominion Bank now owns 5,672 shares of the sporting goods retailer’s stock worth $1,219,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction that occurred 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 directly owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were 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 of the company’s stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Truist Financial increased their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Morgan Stanley increased their target price on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, TD Cowen boosted their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.57.

DICK’S Sporting Goods Stock Up 1.8 %

Shares of DKS opened at $250.09 on Friday. The company’s 50-day moving average price is $221.74 and its 200 day moving average price is $214.79. DICK’S Sporting Goods, Inc. has a 12-month low of $148.95 and a 12-month high of $254.60. 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 cap of $20.37 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 2.69 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.85 EPS. On average, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.76%. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

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.