DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL increased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 15.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 20,868 shares of the sporting goods retailer's stock after purchasing an additional 2,822 shares during the period. Blair William & Co. IL's holdings in DICK'S Sporting Goods were worth $4,775,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DKS. Stifel Nicolaus decreased their target price on shares of DICK'S Sporting Goods from $240.00 to $226.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Citigroup reiterated a "neutral" rating and issued a $220.00 target price (down from $230.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Morgan Stanley upped their price target on 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. Telsey Advisory Group reiterated 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, Truist Financial set a $245.00 price objective on shares of DICK'S Sporting Goods in a research report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $245.50.

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DICK'S Sporting Goods Price Performance

DKS stock traded down $2.34 during midday trading on Friday, hitting $182.63. 3,464,057 shares of the stock were exchanged, compared to its average volume of 1,133,006. The stock's 50-day moving average price is $219.03 and its 200-day moving average price is $216.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock has a market cap of $14.88 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 2.47 and a beta of 1.53. DICK'S Sporting Goods, Inc. has a fifty-two week low of $168.44 and a fifty-two week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.15. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.85 EPS. Research analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $1.2125 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.66%. DICK'S Sporting Goods's dividend payout ratio is currently 34.54%.

DICK'S Sporting Goods announced that its Board of Directors has initiated a share buyback program on Tuesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Insider Transactions at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Company 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.