First National Trust Co Takes $226,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

First National Trust Co acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,535 shares of the sporting goods retailer’s stock, valued at approximately $226,000.

Several other institutional investors have also added to or reduced their stakes in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of DICK’S Sporting Goods by 280.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock valued at $28,000 after acquiring an additional 140 shares during the period. Blue Trust Inc. lifted its position in DICK’S Sporting Goods by 236.8% in the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock valued at $43,000 after buying an additional 206 shares during the last quarter. Capital Analysts LLC grew its position in shares of DICK’S Sporting Goods by 132.5% during the fourth quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after buying an additional 257 shares in the last quarter. Allworth Financial LP grew its stake 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 worth $73,000 after buying an additional 476 shares during the last quarter. Finally, Signaturefd LLC increased its position in DICK’S Sporting Goods by 30.5% in the 4th quarter. Signaturefd LLC now owns 638 shares of the sporting goods retailer’s stock valued at $94,000 after acquiring an additional 149 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the purchase, the insider now owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $221.78, for a total value of $482,371.50. Following the sale, the senior vice president now owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of DICK’S Sporting Goods stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the transaction, the insider now directly owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The disclosure for this purchase can be found here. Over the last three months, insiders sold 209,763 shares of company stock worth $46,483,438. 32.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of analyst reports. The Goldman Sachs Group raised 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 research report on Friday, March 15th. Truist Financial upped their target price on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Loop Capital boosted their target price on DICK’S Sporting Goods from $150.00 to $220.00 and gave the stock a “hold” rating in a report on Monday, March 18th. Morgan Stanley upped their price target on DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, UBS Group raised their target price on shares of DICK’S Sporting Goods from $142.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Hold” and an average target price of $208.64.

DICK’S Sporting Goods Trading Up 1.6 %

NYSE:DKS traded up $3.32 during mid-day trading on Monday, hitting $206.06. 63,235 shares of the company’s stock were exchanged, compared to its average volume of 1,130,789. The firm has a market capitalization of $16.99 billion, a P/E ratio of 16.65, a PEG ratio of 2.46 and a beta of 1.61. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $225.79. The company has a 50 day simple moving average of $201.77 and a 200-day simple moving average of $160.21. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate 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 revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $2.93 earnings per share. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced 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 was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 2.14%. This is a boost 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%.

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.