Bryce Point Capital LLC Purchases Shares of 3,687 DICK'S Sporting Goods, Inc. (NYSE:DKS)

Bryce Point Capital LLC purchased a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,687 shares of the sporting goods retailer's stock, valued at approximately $844,000.

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

DICK'S Sporting Goods Stock Up 0.6 %

DKS traded up $0.98 during trading on Tuesday, hitting $178.24. The company had a trading volume of 592,802 shares, compared to its average volume of 1,132,810. The firm's 50-day moving average price is $217.64 and its 200 day moving average price is $215.80. DICK'S Sporting Goods, Inc. has a one year low of $166.77 and a one year high of $254.60. The company has a market capitalization of $14.23 billion, a PE ratio of 12.71, a PEG ratio of 2.47 and a beta of 1.32. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its 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. 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 the consensus estimate of $3.76 billion. During the same period in the previous year, the company earned $3.85 earnings per share. The firm's revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods declared that its Board of Directors 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 buy up to 18.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

DICK'S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $1.2125 per share. The ex-dividend date is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.72%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.54%.

Insider Activity at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction 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 owns 16,504 shares of the company's stock, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 32.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on DKS shares. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Robert W. Baird reduced their price objective on shares of DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. DA Davidson decreased their price target on 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. Stifel Nicolaus dropped their price objective on shares of DICK'S Sporting Goods from $240.00 to $226.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Finally, Citigroup restated a "neutral" rating and set a $220.00 target price (down previously from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.50.

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.