Cerity Partners LLC Invests $241,000 in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Cerity Partners LLC acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,643 shares of the sporting goods retailer’s stock, valued at approximately $241,000.

A number of other institutional investors have also made changes to their positions in DKS. Blue Trust Inc. increased its stake in shares of 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 worth $43,000 after purchasing an additional 206 shares during the period. Allworth Financial LP increased its stake in shares of DICK’S Sporting Goods by 2,505.3% in the fourth quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock worth $73,000 after purchasing an additional 476 shares during the period. Fifth Third Bancorp increased its stake in shares of DICK’S Sporting Goods by 36.0% in the third quarter. Fifth Third Bancorp now owns 688 shares of the sporting goods retailer’s stock worth $75,000 after purchasing an additional 182 shares during the period. Byrne Asset Management LLC increased its stake in shares of DICK’S Sporting Goods by 40.9% in the third quarter. Byrne Asset Management LLC now owns 775 shares of the sporting goods retailer’s stock worth $84,000 after purchasing an additional 225 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in DICK’S Sporting Goods by 166.7% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 800 shares of the sporting goods retailer’s stock valued at $85,000 after acquiring an additional 500 shares during the period. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Up 1.4 %

NYSE:DKS opened at $207.12 on Monday. The stock’s fifty day moving average price is $198.51 and its two-hundred day moving average price is $156.96. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $225.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. The company has a market cap of $17.08 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 2.51 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the business earned $2.93 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

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

Insider Activity

In other news, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the transaction, the senior vice president now owns 11,051 shares of the company’s stock, valued at approximately $2,450,890.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Chairman Edward W. Stack sold 151,210 shares of the stock in a transaction on 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 transaction, the chairman now owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $221.78, for a total value of $482,371.50. Following the completion of the transaction, the senior vice president now directly owns 11,051 shares in the company, valued at approximately $2,450,890.78. The disclosure for this sale can be found here. Insiders have sold a total of 209,763 shares of company stock valued at $46,483,438 in the last 90 days. 30.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on DKS. Jefferies Financial Group began coverage on DICK’S Sporting Goods in a research note on Friday, April 12th. They set a “hold” rating and a $211.00 price target on the stock. UBS Group boosted their price target on DICK’S Sporting Goods from $142.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Truist Financial boosted their price target on DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Wells Fargo & Company boosted their price target on DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, March 15th. Finally, Williams Trading upgraded DICK’S Sporting Goods from a “hold” rating to a “buy” rating and upped their price objective for the company from $154.00 to $235.00 in a research note on Thursday, March 14th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Hold” and an average target price 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.