UMB Bank n.a. Buys 103 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

UMB Bank n.a. boosted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 59.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 275 shares of the sporting goods retailer’s stock after purchasing an additional 103 shares during the period. UMB Bank n.a.’s holdings in DICK’S Sporting Goods were worth $63,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at approximately $27,000. ORG Wealth Partners LLC bought a new stake in DICK’S Sporting Goods during the third quarter worth $30,000. True Wealth Design LLC lifted its stake in DICK’S Sporting Goods by 2,900.0% in 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. ORG Partners LLC grew its position in shares of DICK’S Sporting Goods by 37.0% in the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock valued at $42,000 after acquiring an additional 54 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth about $49,000. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company’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 completion of the transaction, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This 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, EVP Julie Lodge-Jarrett sold 5,000 shares of the 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock worth $39,655,456 in the last ninety days. 32.03% of the stock is owned by insiders.

DICK’S Sporting Goods Trading Up 1.8 %

DKS opened at $250.09 on Friday. 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 $148.95 and a twelve month high of $254.60. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 2.69 and a beta of 1.58. The company has a 50-day simple moving average of $221.74 and a 200 day simple moving average of $214.79.

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 the consensus estimate 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 last year, the business posted $2.85 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.76%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 31.45%.

Analyst Ratings Changes

DKS has been the subject of a number of research analyst reports. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Truist Financial raised their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. TD Cowen upped their price objective on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Loop Capital raised their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Eight research 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.57.

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.