Aviva PLC Acquires Shares of 33,494 DICK'S Sporting Goods, Inc. (NYSE:DKS)

Aviva PLC bought a new position in 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 firm bought 33,494 shares of the sporting goods retailer's stock, valued at approximately $7,665,000.

A number of other large investors have also recently made changes to their positions in the company. Greenleaf Trust lifted its position in shares of DICK'S Sporting Goods by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer's stock worth $394,000 after purchasing an additional 50 shares during the last quarter. Independent Advisor Alliance lifted its holdings in DICK'S Sporting Goods by 5.4% during the 4th quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock valued at $235,000 after buying an additional 53 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in DICK'S Sporting Goods by 2.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer's stock valued at $577,000 after buying an additional 54 shares during the period. Stonegate Investment Group LLC grew its stake in DICK'S Sporting Goods by 2.9% in the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer's stock worth $473,000 after acquiring an additional 58 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in DICK'S Sporting Goods by 9.4% in the 4th quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer's stock worth $176,000 after acquiring an additional 66 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial set a $245.00 price target on DICK'S Sporting Goods in a report on Tuesday, March 11th. Argus upped their target price on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Loop Capital cut their price target on DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley upped their price objective on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus cut their target price on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a research report on Thursday. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, DICK'S Sporting Goods currently has a consensus rating of "Moderate Buy" and an average price target of $244.72.

Insider Activity at DICK'S Sporting Goods

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

DICK'S Sporting Goods Stock Up 0.6 %

DICK'S Sporting Goods stock traded up $1.17 during midday trading on Monday, reaching $187.10. The company's stock had a trading volume of 234,443 shares, compared to its average volume of 1,152,593. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The stock has a market capitalization of $14.94 billion, a P/E ratio of 13.37, a PEG ratio of 2.47 and a beta of 1.32. 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 stock's 50-day simple moving average is $210.74 and its 200-day simple moving average is $214.56.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating the consensus estimate of $3.47 by $0.15. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates 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 was up .5% on a year-over-year basis. During the same period last year, the firm posted $3.85 EPS. On average, sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.59%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio is presently 34.54%.

DICK'S Sporting Goods announced that its board has approved a stock repurchase plan on Tuesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

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.