Argus Investors Counsel Inc. Acquires Shares of 1,124 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Argus Investors Counsel Inc. acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,124 shares of the sporting goods retailer’s stock, valued at approximately $257,000.

A number of other hedge funds have also bought and sold shares of DKS. New Wave Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth about $28,000. Brooklyn Investment Group bought a new position in shares of DICK’S Sporting Goods in the third quarter worth about $27,000. Sound Income Strategies LLC grew its holdings in DICK’S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after acquiring an additional 118 shares in the last quarter. ORG Wealth Partners LLC bought a new position in DICK’S Sporting Goods during the 3rd quarter worth about $30,000. Finally, True Wealth Design LLC grew its holdings in DICK’S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction on 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 completion of the sale, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock valued at $39,655,456 in the last 90 days. 32.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on DKS shares. TD Cowen increased their target price on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Loop Capital increased their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Morgan Stanley increased their price target on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. 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. Finally, Argus increased their price target on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Stock Performance

DKS opened at $240.01 on Thursday. DICK’S Sporting Goods, Inc. has a 12-month low of $155.78 and a 12-month high of $254.60. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $19.55 billion, a PE ratio of 17.16, a P/E/G ratio of 2.73 and a beta of 1.57. The firm has a 50 day moving average of $227.75 and a two-hundred day moving average of $216.50.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted $2.85 EPS. On average, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.83%. DICK’S Sporting Goods’s payout ratio is 31.45%.

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.