Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Raises Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 280.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190 shares of the sporting goods retailer’s stock after acquiring an additional 140 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in DICK’S Sporting Goods were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of DKS. Blue Trust Inc. raised its holdings in shares of DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after acquiring an additional 206 shares in the last quarter. Capital Analysts LLC raised its holdings in DICK’S Sporting Goods by 132.5% during the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock valued at $66,000 after buying an additional 257 shares during the period. Allworth Financial LP raised its holdings in DICK’S Sporting Goods by 2,505.3% during the 4th quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock valued at $73,000 after buying an additional 476 shares during the period. Fifth Third Bancorp raised its holdings in DICK’S Sporting Goods by 36.0% during the 3rd quarter. Fifth Third Bancorp now owns 688 shares of the sporting goods retailer’s stock valued at $75,000 after buying an additional 182 shares during the period. Finally, Byrne Asset Management LLC raised its holdings in DICK’S Sporting Goods by 40.9% during the 3rd quarter. Byrne Asset Management LLC now owns 775 shares of the sporting goods retailer’s stock valued at $84,000 after buying an additional 225 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Price Performance

DKS opened at $206.09 on Wednesday. The business’s 50-day moving average is $196.30 and its two-hundred day moving average is $154.86. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $225.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. The firm has a market capitalization of $16.99 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 2.41 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.50. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.93 earnings per share. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.13%. 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. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.12%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the sale, the chairman now owns 10,899,110 shares of the company’s stock, valued at $2,407,940,372.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Chairman Edward W. Stack sold 151,210 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the completion of the sale, the chairman now owns 10,899,110 shares of the company’s stock, valued at $2,407,940,372.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lauren R. Hobart sold 40,167 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $223.95, for a total value of $8,995,399.65. Following the sale, the chief executive officer now directly owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,763 shares of company stock valued at $46,483,438. 30.79% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on DKS shares. Truist Financial increased their price target on DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a report on Friday, March 15th. Loop Capital increased their price target on DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a report on Monday, March 18th. TD Cowen upped their price objective on DICK’S Sporting Goods from $177.00 to $226.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Morgan Stanley upped their price objective on DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Finally, Barclays upped their price objective on DICK’S Sporting Goods from $194.00 to $239.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Hold” and a consensus price target of $208.64.

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.