D.B. Root & Company LLC Has $6.15 Million Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

D.B. Root & Company LLC decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.6% in the 4th quarter, Holdings Channel reports. The firm owned 26,854 shares of the sporting goods retailer’s stock after selling 167 shares during the period. DICK’S Sporting Goods comprises 2.0% of D.B. Root & Company LLC’s investment portfolio, making the stock its 8th largest holding. D.B. Root & Company LLC’s holdings in DICK’S Sporting Goods were worth $6,145,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Brooklyn Investment Group bought a new stake in DICK’S Sporting Goods in the 3rd quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new position in shares of DICK’S Sporting Goods during the third quarter worth approximately $30,000. True Wealth Design LLC lifted its holdings in shares of DICK’S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after acquiring an additional 145 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of DICK’S Sporting Goods by 454.8% in 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 in the last quarter. Finally, ORG Partners LLC grew its holdings in shares of DICK’S Sporting Goods by 37.0% during the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock valued at $42,000 after purchasing an additional 54 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $236.75 on Thursday. DICK’S Sporting Goods, Inc. has a 12 month low of $148.92 and a 12 month high of $239.30. The firm has a market capitalization of $19.29 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.67 and a beta of 1.58. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $219.75 and a two-hundred day simple moving average of $214.22.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping 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 business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the firm posted $2.85 earnings per share. DICK’S Sporting Goods’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share 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. Shareholders of record on Friday, December 13th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wedbush restated a “neutral” rating and set a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their target price for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Loop Capital increased 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. Finally, Truist Financial lifted their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $246.57.

DICK’S Sporting Goods Company 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.