Range Financial Group LLC Acquires New Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Range Financial Group LLC acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 8,727 shares of the sporting goods retailer’s stock, valued at approximately $1,997,000. DICK’S Sporting Goods makes up about 0.9% of Range Financial Group LLC’s portfolio, making the stock its 28th biggest holding.

Several other institutional investors have also added to or reduced their stakes in DKS. State Street Corp lifted its position in DICK’S Sporting Goods by 1.2% during the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock worth $473,945,000 after buying an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in DICK’S Sporting Goods by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after buying an additional 57,672 shares in the last quarter. Renaissance Technologies LLC lifted its position in DICK’S Sporting Goods by 51.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after buying an additional 375,600 shares in the last quarter. Geode Capital Management LLC lifted its position in DICK’S Sporting Goods by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock worth $217,169,000 after buying an additional 10,640 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in DICK’S Sporting Goods by 15.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock worth $167,683,000 after buying an additional 102,609 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on DKS. Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Truist Financial upped their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Loop Capital upped their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods Price Performance

NYSE:DKS traded down $0.13 during mid-day trading on Tuesday, reaching $227.90. The stock had a trading volume of 1,027,437 shares, compared to its average volume of 991,179. The stock has a 50-day simple moving average of $212.35 and a two-hundred day simple moving average of $212.90. The stock has a market capitalization of $18.57 billion, a PE ratio of 16.29, a P/E/G ratio of 2.52 and a beta of 1.58. 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, Inc. has a 12 month low of $137.44 and a 12 month high of $239.30.

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 net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the business posted $2.85 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share 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. Stockholders of record on Friday, December 13th were issued 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 dividend yield of 1.93%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Insider Transactions at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the business’s 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 transaction, the director now owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.03% of the stock is owned by company insiders.

About DICK’S Sporting Goods

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.