Boothbay Fund Management LLC Buys 53,738 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Boothbay Fund Management LLC boosted its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 828.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,223 shares of the sporting goods retailer's stock after buying an additional 53,738 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.07% of DICK'S Sporting Goods worth $13,781,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DKS. Wealthfront Advisers LLC acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $1,893,210,000. Charles Schwab Investment Management Inc. grew its position in DICK'S Sporting Goods by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer's stock worth $427,056,000 after purchasing an additional 77,357 shares during the last quarter. Geode Capital Management LLC raised its holdings in DICK'S Sporting Goods by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer's stock valued at $241,660,000 after acquiring an additional 15,011 shares in the last quarter. Norges Bank bought a new stake in shares of DICK'S Sporting Goods during the fourth quarter valued at approximately $221,693,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of DICK'S Sporting Goods by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer's stock valued at $201,768,000 after purchasing an additional 86,064 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. DA Davidson decreased their price target on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. StockNews.com lowered shares of DICK'S Sporting Goods from a "hold" rating to a "sell" rating in a research report on Tuesday, April 22nd. Truist Financial set a $245.00 price objective on DICK'S Sporting Goods in a report on Tuesday, March 11th. Finally, Morgan Stanley boosted their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.72.

DICK'S Sporting Goods Trading Up 1.2 %

Shares of DKS stock traded up $2.21 on Tuesday, reaching $192.08. 640,523 shares of the stock were exchanged, compared to its average volume of 1,163,472. 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, Inc. has a one year low of $166.37 and a one year high of $254.60. The stock has a market cap of $15.34 billion, a PE ratio of 13.73, a P/E/G ratio of 2.47 and a beta of 1.32. The stock has a 50 day moving average price of $198.96 and a 200 day moving average price of $212.87.

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 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.15. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the business posted $3.85 earnings per share. DICK'S Sporting Goods's revenue was up .5% compared to the same quarter last year. Equities research analysts forecast 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 initiated a share repurchase plan on Tuesday, March 11th that allows the company to repurchase $3.00 billion in 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 usually an indication that the company's management believes its shares are 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 paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.52%. The ex-dividend date was 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 is presently 34.54%.

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.