Hilltop National Bank Boosts Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Hilltop National Bank grew its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 29.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,709 shares of the sporting goods retailer’s stock after acquiring an additional 1,295 shares during the period. Hilltop National Bank’s holdings in DICK’S Sporting Goods were worth $1,306,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DKS. Range Financial Group LLC bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at about $1,997,000. Bath Savings Trust Co lifted its position in DICK’S Sporting Goods by 95.3% in the fourth quarter. Bath Savings Trust Co now owns 9,202 shares of the sporting goods retailer’s stock valued at $2,106,000 after purchasing an additional 4,491 shares during the last quarter. Pensionfund Sabic bought a new stake in DICK’S Sporting Goods in the fourth quarter valued at approximately $1,510,000. Everence Capital Management Inc. bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth approximately $350,000. Finally, Retirement Systems of Alabama increased its stake in shares of DICK’S Sporting Goods by 13.3% in the third quarter. Retirement Systems of Alabama now owns 126,800 shares of the sporting goods retailer’s stock worth $26,463,000 after buying an additional 14,934 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were 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 represents a 1.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly 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. 32.03% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Stock Performance

Shares of DKS traded down $2.59 on Friday, reaching $230.94. The company’s stock had a trading volume of 271,343 shares, compared to its average volume of 838,465. The stock’s 50 day simple moving average is $214.24 and its two-hundred day simple moving average is $213.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock has a market capitalization of $18.82 billion, a P/E ratio of 16.51, a PEG ratio of 2.52 and a beta of 1.58. 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 quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping 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 business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the business posted $2.85 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. Research 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 company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors 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 dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Analyst Upgrades and Downgrades

DKS has been the subject of several analyst reports. Truist Financial increased their price target on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their target price for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Wedbush restated a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Finally, TD Cowen upped their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.10.

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.