SeaCrest Wealth Management LLC Boosts Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

SeaCrest Wealth Management LLC grew its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,765 shares of the sporting goods retailer’s stock after purchasing an additional 81 shares during the period. SeaCrest Wealth Management LLC’s holdings in DICK’S Sporting Goods were worth $404,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in DKS. Brooklyn Investment Group purchased a new stake in DICK’S Sporting Goods in the 3rd quarter valued at about $27,000. ORG Wealth Partners LLC bought a new position in shares of DICK’S Sporting Goods in the third quarter valued at approximately $30,000. True Wealth Design LLC increased its position in shares of DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after acquiring an additional 145 shares during the last quarter. Richardson Financial Services Inc. bought a new stake in DICK’S Sporting Goods during the second quarter worth $34,000. Finally, UMB Bank n.a. boosted its position in DICK’S Sporting Goods by 454.8% in 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 during the last quarter. 89.83% of the stock is owned by institutional investors.

Insider Activity at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the sale, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the company’s 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 completion of the transaction, the chairman now owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.03% of the stock is owned by corporate insiders.

DICK’S Sporting Goods Trading Up 0.2 %

Shares of DKS opened at $226.94 on Friday. The business’s 50-day moving average price is $216.62 and its 200-day moving average price is $213.16. 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, Inc. has a twelve month low of $139.75 and a twelve month high of $239.30. The stock has a market cap of $18.49 billion, a PE ratio of 16.22, a P/E/G ratio of 2.62 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping 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 business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the firm posted $2.85 EPS. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is 31.45%.

Analysts Set New Price Targets

DKS has been the topic of a number of recent analyst reports. TD Cowen lifted 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. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective 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 set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Wedbush reaffirmed a “neutral” rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Finally, Loop Capital increased their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $246.10.

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.