Schroder Investment Management Group Increases Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Schroder Investment Management Group boosted its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 397.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,032 shares of the sporting goods retailer's stock after acquiring an additional 14,404 shares during the quarter. Schroder Investment Management Group's holdings in DICK'S Sporting Goods were worth $4,179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the business. Greenleaf Trust boosted its position in shares of DICK'S Sporting Goods by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer's stock worth $394,000 after purchasing an additional 50 shares in the last quarter. Independent Advisor Alliance raised its position in shares of 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. raised 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 worth $577,000 after purchasing an additional 54 shares during the period. Stonegate Investment Group LLC increased its position in shares of DICK'S Sporting Goods by 2.9% during the fourth 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 during the period. Finally, IFP Advisors Inc boosted its stake in shares of DICK'S Sporting Goods by 9.4% during the fourth quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer's stock valued at $176,000 after purchasing an additional 66 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

DKS has been the topic of several research analyst reports. Wedbush reiterated a "neutral" rating and issued a $215.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Loop Capital decreased 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 research report on Thursday, March 13th. Truist Financial set a $245.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday, March 11th. Citigroup reiterated a "neutral" rating and issued a $220.00 price objective (down from $230.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Finally, Morgan Stanley raised their target price on shares of 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. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $242.95.

DICK'S Sporting Goods Stock Performance

DKS traded down $11.49 during trading on Thursday, reaching $186.45. The company's stock had a trading volume of 310,576 shares, compared to its average volume of 1,144,123. The company's fifty day moving average price is $212.73 and its 200-day moving average price is $214.97. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. 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 company has a market capitalization of $14.89 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.15. The business had revenue of $3.89 billion for 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%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the business earned $3.85 earnings per share. On average, equities analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.60%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.54%.

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

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.