Empirical Finance LLC Purchases New Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Empirical Finance LLC 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 13F filing with the Securities & Exchange Commission. The fund acquired 2,640 shares of the sporting goods retailer’s stock, valued at approximately $604,000.

Several other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the fourth quarter worth $28,000. Brooklyn Investment Group acquired a new stake in DICK’S Sporting Goods during the 3rd quarter worth $27,000. Sound Income Strategies LLC raised its stake in DICK’S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after buying an additional 118 shares during the period. ORG Wealth Partners LLC bought a new position in DICK’S Sporting Goods during the third quarter worth about $30,000. Finally, True Wealth Design LLC grew its stake 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 valued at $31,000 after acquiring an additional 145 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DKS. 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 report on Wednesday, November 27th. Wedbush reaffirmed 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 note on Wednesday, November 27th. Loop Capital increased their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Argus boosted their price objective on shares of 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. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $236.49 on Tuesday. The company has a fifty day moving average price of $229.24 and a two-hundred day moving average price of $217.30. DICK’S Sporting Goods, Inc. has a one year low of $160.31 and a one year high of $254.60. The stock has a market cap of $19.27 billion, a P/E ratio of 16.90, a P/E/G ratio of 2.57 and a beta of 1.57. 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 (NYSE:DKS) last issued its earnings results 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. The business had revenue of $3.06 billion during 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%. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. During the same period last year, the business posted $2.85 EPS. As a group, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

Insider Activity at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction 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 approximately $1,917,017,844. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,933 shares of company stock worth $39,655,456. Insiders own 32.03% of the company’s stock.

About DICK’S Sporting Goods

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.