Burford Brothers Inc. Has $643,000 Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Burford Brothers Inc. raised its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,809 shares of the sporting goods retailer’s stock after purchasing an additional 461 shares during the quarter. Burford Brothers Inc.’s holdings in DICK’S Sporting Goods were worth $643,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Greenleaf Trust raised its holdings in shares of DICK’S Sporting Goods by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock valued at $394,000 after buying an additional 50 shares during the last quarter. DAVENPORT & Co LLC increased its position in DICK’S Sporting Goods by 12.0% in the 4th quarter. DAVENPORT & Co LLC now owns 2,828 shares of the sporting goods retailer’s stock valued at $647,000 after acquiring an additional 303 shares in the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth about $28,000. Ridgepath Capital Management LLC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $229,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of DICK’S Sporting Goods by 21.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 98,683 shares of the sporting goods retailer’s stock valued at $22,583,000 after purchasing an additional 17,430 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 4.0 %

NYSE:DKS opened at $240.11 on Monday. 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 business’s 50-day simple moving average is $226.27 and its 200-day simple moving average is $216.01. DICK’S Sporting Goods, Inc. has a fifty-two week low of $148.95 and a fifty-two week high of $254.60. The stock has a market capitalization of $19.56 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 2.79 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly 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 in the previous year, the firm posted $2.85 earnings per share. The business’s revenue was up .5% on a year-over-year basis. Sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 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. Shareholders of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DKS. Truist Financial upped 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. Morgan Stanley upped their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. TD Cowen lifted their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Finally, Wedbush reiterated a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average price target of $248.09.

Insiders Place Their Bets

In other news, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods 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 sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,933 shares of company stock worth $39,655,456. Corporate insiders own 32.03% of the company’s stock.

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.