PFG Investments LLC Invests $224,000 in DICK’S Sporting Goods, Inc. (NYSE:DKS)

PFG Investments LLC purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 978 shares of the sporting goods retailer’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods during the third quarter worth approximately $27,000. Sound Income Strategies LLC increased its stake in DICK’S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock valued at $32,000 after buying an additional 118 shares during the period. ORG Wealth Partners LLC purchased a new position in DICK’S Sporting Goods during the 3rd quarter worth $30,000. True Wealth Design LLC lifted its stake 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 period. Finally, UMB Bank n.a. raised its holdings in DICK’S Sporting Goods by 454.8% during the third quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer’s stock worth $36,000 after purchasing an additional 141 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $240.11 on Friday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $148.95 and a fifty-two week high of $254.60. The firm’s 50 day moving average is $226.27 and its two-hundred day moving average is $216.06. The company has a market cap of $19.56 billion, a P/E ratio of 17.16, a P/E/G ratio of 2.79 and a beta of 1.58. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

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. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.85 earnings per share. Analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.83%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were 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 directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. This represents a 23.25 % 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 link. Also, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods 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 $1,917,017,844. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock valued at $39,655,456 over the last three months. 32.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

DKS has been the topic of several research analyst reports. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Argus lifted their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday. Loop Capital increased their price objective on shares of 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, Morgan Stanley raised their target price on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus price target 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.