Town & Country Bank & Trust CO dba First Bankers Trust CO Grows Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 78.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,495 shares of the sporting goods retailer’s stock after acquiring an additional 5,046 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in DICK’S Sporting Goods were worth $2,631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DKS. Holocene Advisors LP acquired a new stake in DICK’S Sporting Goods in the 3rd quarter valued at approximately $70,562,000. KBC Group NV raised its holdings in shares of DICK’S Sporting Goods by 887.3% in the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock valued at $52,253,000 after buying an additional 225,015 shares during the period. International Assets Investment Management LLC raised its holdings in shares of DICK’S Sporting Goods by 19,851.3% in the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock valued at $43,512,000 after buying an additional 207,446 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in DICK’S Sporting Goods by 1,718.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock worth $41,740,000 after acquiring an additional 189,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in DICK’S Sporting Goods during the 3rd quarter valued at about $32,093,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DKS shares. TD Cowen increased their price target on shares of 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 raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Truist Financial raised 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. Wedbush reaffirmed a “neutral” rating and set a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Finally, Morgan Stanley lifted their target price on 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 research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $246.57.

DICK’S Sporting Goods Stock Down 1.3 %

DICK’S Sporting Goods stock opened at $246.34 on Tuesday. The company has a market capitalization of $20.07 billion, a P/E ratio of 17.61, a PEG ratio of 2.69 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. 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 50-day simple moving average of $222.66 and a 200-day simple moving average of $215.25.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.85 earnings per share. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.79%. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

Insider Activity

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The stock was 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 of the company’s stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 172,933 shares of company stock valued at $39,655,456. Insiders own 32.03% of the company’s stock.

About DICK’S Sporting Goods

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.