Kestra Investment Management LLC Grows Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Kestra Investment Management LLC increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 86.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,775 shares of the sporting goods retailer’s stock after buying an additional 1,752 shares during the quarter. Kestra Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $864,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. raised its position in DICK’S Sporting Goods by 2.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock valued at $577,000 after purchasing an additional 54 shares during the period. Kornitzer Capital Management Inc. KS purchased a new stake in DICK’S Sporting Goods in the fourth quarter valued at approximately $486,000. Sanctuary Advisors LLC raised its position in DICK’S Sporting Goods by 2.4% in the fourth quarter. Sanctuary Advisors LLC now owns 49,506 shares of the sporting goods retailer’s stock valued at $12,378,000 after purchasing an additional 1,142 shares during the period. Principal Financial Group Inc. raised its position in DICK’S Sporting Goods by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 187,068 shares of the sporting goods retailer’s stock valued at $42,809,000 after purchasing an additional 4,491 shares during the period. Finally, Principal Securities Inc. raised its position in DICK’S Sporting Goods by 11.8% in the fourth quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer’s stock valued at $821,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Argus boosted their target price on DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Loop Capital boosted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. 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 note on Wednesday, January 8th. Finally, Morgan Stanley boosted their price target on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.09.

Insider Activity

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 172,933 shares of company stock valued at $39,655,456. Insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $234.61 on Wednesday. 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 1 year low of $165.31 and a 1 year high of $254.60. The company has a market capitalization of $19.12 billion, a PE ratio of 16.77, a P/E/G ratio of 2.57 and a beta of 1.57. The company has a fifty day moving average of $232.51 and a two-hundred day moving average of $218.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data 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. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the firm posted $2.85 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up .5% on a year-over-year basis. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.88%. DICK’S Sporting Goods’s payout ratio is 31.45%.

DICK’S Sporting Goods Profile

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.