Fifth Third Wealth Advisors LLC Grows Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Fifth Third Wealth Advisors LLC increased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.5% during the 4th quarter, HoldingsChannel reports. The firm owned 2,055 shares of the sporting goods retailer’s stock after buying an additional 70 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in DICK’S Sporting Goods were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in shares of DICK’S Sporting Goods in the 3rd quarter worth $27,000. ORG Wealth Partners LLC purchased a new position in DICK’S Sporting Goods in the third quarter worth about $30,000. True Wealth Design LLC boosted its position in DICK’S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after purchasing an additional 145 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $34,000. Finally, UMB Bank n.a. increased its position in shares of DICK’S Sporting Goods by 454.8% during the 3rd quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer’s stock valued at $36,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. TD Cowen upped their price objective on 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. Loop Capital lifted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Wedbush restated a “neutral” rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Finally, Truist Financial lifted their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $246.10.

DICK’S Sporting Goods Stock Up 0.2 %

NYSE DKS opened at $226.94 on Friday. The stock has a 50 day moving average price of $216.62 and a 200-day moving average price of $213.16. DICK’S Sporting Goods, Inc. has a one year low of $139.75 and a one year high of $239.30. The company has a market capitalization of $18.49 billion, a P/E ratio of 16.22, a P/E/G ratio of 2.62 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations 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 period last year, the company posted $2.85 EPS. As a group, equities analysts predict 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 1.94%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

Insider Transactions at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 32.03% of the company’s stock.

About DICK’S Sporting Goods

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.