New Wave Wealth Advisors LLC Purchases Shares of 123 DICK’S Sporting Goods, Inc. (NYSE:DKS)

New Wave Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 123 shares of the sporting goods retailer’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DKS. ORG Partners LLC increased its position in DICK’S Sporting Goods by 37.0% during the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after buying an additional 54 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of DICK’S Sporting Goods by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after acquiring an additional 54 shares during the last quarter. Stonegate Investment Group LLC raised its stake in DICK’S Sporting Goods by 2.9% in the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock valued at $473,000 after acquiring an additional 58 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in DICK’S Sporting Goods by 3.5% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer’s stock valued at $470,000 after purchasing an additional 70 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in DICK’S Sporting Goods by 4.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,765 shares of the sporting goods retailer’s stock worth $404,000 after purchasing an additional 81 shares during the period. 89.83% of the stock is owned by institutional investors.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction 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 completion of the transaction, the director now 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. Over the last 90 days, insiders sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is currently owned by insiders.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $240.11 on Friday. The firm’s 50 day simple moving average is $226.27 and its 200 day simple moving average is $216.06. The firm has a market capitalization of $19.56 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 2.79 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. DICK’S Sporting Goods, Inc. has a 1 year low of $148.95 and a 1 year high of $254.60.

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 for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the business posted $2.85 EPS. The company’s revenue was up .5% compared to the same quarter last year. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

Wall Street Analysts Forecast Growth

DKS has been the topic of several research analyst reports. Morgan Stanley increased their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Truist Financial boosted their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. TD Cowen increased their target price 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. Finally, UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.09.

DICK’S Sporting Goods 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.