New Age Alpha Advisors LLC Purchases Shares of 42,438 DICK'S Sporting Goods, Inc. (NYSE:DKS)

New Age Alpha Advisors LLC purchased a new position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 42,438 shares of the sporting goods retailer's stock, valued at approximately $9,712,000. New Age Alpha Advisors LLC owned 0.05% of DICK'S Sporting Goods as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DKS. Brooklyn Investment Group purchased a new position in DICK'S Sporting Goods in the 3rd quarter valued at about $27,000. New Wave Wealth Advisors LLC acquired a new position in DICK'S Sporting Goods during the 4th quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter worth about $30,000. True Wealth Design LLC raised its stake in shares of DICK'S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of DICK'S Sporting Goods by 590.0% during the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after purchasing an additional 118 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DKS. TD Cowen boosted their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Robert W. Baird lowered their target price on shares of DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Argus raised their price target on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Citigroup reissued a "neutral" rating and issued a $220.00 price target (down previously from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, DA Davidson dropped their target price on DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus price target of $245.50.

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Insiders Place Their Bets

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK'S Sporting Goods stock in a transaction that occurred 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 sale, the executive vice president now directly 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 50,997 shares of the company's stock, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 in the last three months. Company insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Stock Up 1.3 %

DKS traded up $2.63 on Tuesday, reaching $204.19. 317,462 shares of the company traded hands, compared to its average volume of 1,111,735. DICK'S Sporting Goods, Inc. has a 52-week low of $182.84 and a 52-week high of $254.60. 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 company has a market cap of $16.64 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 2.47 and a beta of 1.53. The stock's 50 day moving average price is $222.67 and its 200-day moving average price is $216.56.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.15. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 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 in the prior year, the business posted $3.85 earnings per share. On average, sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, March 28th. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.54%.

DICK'S Sporting Goods declared that its board has initiated a stock repurchase program on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

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.