Pine Haven Investment Counsel Inc Purchases New Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Pine Haven Investment Counsel Inc acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,219 shares of the sporting goods retailer’s stock, valued at approximately $279,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DKS. Kerusso Capital Management LLC acquired a new position in shares of DICK’S Sporting Goods during the third quarter worth $1,554,000. National Pension Service bought a new stake in DICK’S Sporting Goods during the 3rd quarter worth $4,195,000. Marion Wealth Management acquired a new position in DICK’S Sporting Goods in the 4th quarter worth about $545,000. Strategy Asset Managers LLC bought a new position in DICK’S Sporting Goods in the third quarter valued at about $4,325,000. Finally, Landscape Capital Management L.L.C. boosted its stake in shares of DICK’S Sporting Goods by 402.9% during the third quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock valued at $3,202,000 after purchasing an additional 12,293 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Activity

In other news, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the transaction, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. The trade was a 1.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DKS. Loop Capital upped their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price target for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Wedbush reiterated a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods 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. Finally, TD Cowen raised their target price on 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 research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $246.10.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $228.09 on Monday. The stock’s 50 day moving average is $217.66 and its 200-day moving average is $213.64. DICK’S Sporting Goods, Inc. has a twelve month low of $141.02 and a twelve month high of $239.30. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $18.58 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 2.62 and a beta of 1.58.

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 for the quarter, topping the consensus estimate of $2.68 by $0.07. The firm 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 quarter in the prior year, the company posted $2.85 earnings per share. Sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

DICK’S Sporting Goods 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.