2,249 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Acquired by Opinicus Capital Inc.

Opinicus Capital Inc. acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,249 shares of the sporting goods retailer’s stock, valued at approximately $331,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in shares of DICK’S Sporting Goods by 9,735.6% in the 3rd quarter. Victory Capital Management Inc. now owns 2,239,273 shares of the sporting goods retailer’s stock valued at $243,140,000 after acquiring an additional 2,216,506 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of DICK’S Sporting Goods by 4.5% during the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock valued at $120,102,000 after purchasing an additional 34,942 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of DICK’S Sporting Goods by 145.0% during the third quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock worth $85,722,000 after purchasing an additional 467,243 shares during the last quarter. Barclays PLC grew its holdings in shares of DICK’S Sporting Goods by 148.3% during the third quarter. Barclays PLC now owns 592,991 shares of the sporting goods retailer’s stock worth $64,388,000 after purchasing an additional 354,217 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of DICK’S Sporting Goods by 4.4% in the third quarter. Northern Trust Corp now owns 552,639 shares of the sporting goods retailer’s stock valued at $60,006,000 after buying an additional 23,258 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the completion of the sale, the senior vice president now directly owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other DICK’S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of DICK’S Sporting Goods stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $221.78, for a total transaction of $482,371.50. Following the transaction, the senior vice president now directly owns 11,051 shares of the company’s stock, valued at approximately $2,450,890.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Navdeep Gupta sold 16,211 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $222.00, for a total transaction of $3,598,842.00. Following the completion of the sale, the chief financial officer now owns 87,628 shares of the company’s stock, valued at approximately $19,453,416. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,763 shares of company stock worth $46,483,438. Insiders own 30.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Wells Fargo & Company increased their price objective on DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. Truist Financial lifted their target price on DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a “buy” rating in a report on Friday, March 15th. TD Cowen increased their price target on DICK’S Sporting Goods from $177.00 to $226.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Finally, Robert W. Baird lifted their price objective on DICK’S Sporting Goods from $145.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $208.64.

DICK’S Sporting Goods Stock Up 1.4 %

NYSE:DKS traded up $2.91 on Friday, hitting $207.12. The stock had a trading volume of 595,204 shares, compared to its average volume of 914,129. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $225.79. The business’s fifty day moving average is $198.51 and its 200 day moving average is $156.27. The company has a market cap of $17.08 billion, a PE ratio of 17.00, a P/E/G ratio of 2.48 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the business earned $2.93 EPS. DICK’S Sporting Goods’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $1.10 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 2.12%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.12%.

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.