Arkadios Wealth Advisors Has $1.72 Million Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Arkadios Wealth Advisors raised its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 82.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,494 shares of the sporting goods retailer’s stock after buying an additional 3,395 shares during the quarter. Arkadios Wealth Advisors’ holdings in DICK’S Sporting Goods were worth $1,715,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kerusso Capital Management LLC acquired a new position in shares of DICK’S Sporting Goods during the third quarter worth approximately $1,554,000. National Pension Service acquired a new position in shares of DICK’S Sporting Goods in the third quarter valued at $4,195,000. Marion Wealth Management acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at $545,000. Strategy Asset Managers LLC acquired a new position in shares of DICK’S Sporting Goods in the third quarter valued at $4,325,000. Finally, Landscape Capital Management L.L.C. raised its stake in shares of DICK’S Sporting Goods by 402.9% in the third quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock valued at $3,202,000 after purchasing an additional 12,293 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $228.09 on Friday. The business’s 50-day simple moving average is $217.66 and its 200 day simple moving average is $213.54. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 2.62 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a 12-month low of $141.02 and a 12-month high of $239.30. 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 (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, beating the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $2.85 earnings per share. As a group, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is 31.45%.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the transaction, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. 32.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

DICK’S Sporting Goods Company 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.