70,428 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Acquired by Distillate Capital Partners LLC

Distillate Capital Partners LLC acquired a new position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 70,428 shares of the sporting goods retailer's stock, valued at approximately $16,117,000. Distillate Capital Partners LLC owned about 0.09% of DICK'S Sporting Goods at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new stake in DICK'S Sporting Goods during the 4th quarter worth $30,000. Sound Income Strategies LLC grew its position 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 purchasing an additional 118 shares during the last quarter. Bessemer Group Inc. grew its position in DICK'S Sporting Goods by 108.6% during the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after purchasing an additional 76 shares during the last quarter. Finally, Promus Capital LLC acquired a new position in DICK'S Sporting Goods in the fourth quarter valued at $48,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Price Performance

DKS traded up $4.68 during midday trading on Thursday, reaching $185.33. 643,811 shares of the company's stock were exchanged, compared to its average volume of 1,154,568. The business's 50-day moving average price is $207.47 and its 200 day moving average price is $213.95. The stock has a market capitalization of $14.80 billion, a PE ratio of 13.25, a P/E/G ratio of 2.47 and a beta of 1.32. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year 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.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $0.15. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the company earned $3.85 EPS. DICK'S Sporting Goods's revenue was up .5% on a year-over-year basis. As a group, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

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

DICK'S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.62%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date was Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio is 34.54%.

Insiders Place Their Bets

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were 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 owns 16,504 shares in the company, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 32.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DKS has been the subject of several recent research reports. Truist Financial set a $245.00 price target on DICK'S Sporting Goods in a report on Tuesday, March 11th. Loop Capital lowered their target price on shares of DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a report on Thursday, March 13th. Argus increased 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 report on Wednesday, January 29th. Telsey Advisory Group restated an "outperform" rating and issued a $250.00 price objective on shares of DICK'S Sporting Goods in a research report on Friday, March 14th. Finally, Morgan Stanley boosted their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, DICK'S Sporting Goods currently has a consensus rating of "Moderate Buy" and an average target price of $244.72.

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.