Curi RMB Capital LLC Has $7.72 Million Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Curi RMB Capital LLC grew its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,743 shares of the sporting goods retailer's stock after purchasing an additional 6,341 shares during the quarter. Curi RMB Capital LLC's holdings in DICK'S Sporting Goods were worth $7,722,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of DICK'S Sporting Goods during the fourth quarter worth $485,000. Marion Wealth Management acquired a new stake in DICK'S Sporting Goods during the fourth quarter worth about $545,000. Argus Investors Counsel Inc. bought a new position in DICK'S Sporting Goods in the fourth quarter worth about $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in DICK'S Sporting Goods by 78.2% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer's stock valued at $2,631,000 after acquiring an additional 5,046 shares during the period. Finally, Principal Securities Inc. grew its holdings in shares of DICK'S Sporting Goods by 11.8% during the fourth quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock valued at $821,000 after purchasing an additional 380 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup restated a "neutral" rating and set a $220.00 price objective (down from $230.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Wedbush reaffirmed a "neutral" rating and issued a $215.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Stifel Nicolaus reduced their target price on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. TD Cowen raised their price target on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Finally, Argus boosted their price objective on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus price target of $244.72.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $1.19 on Friday, reaching $188.32. 191,387 shares of the company traded hands, compared to its average volume of 1,157,839. The stock has a market capitalization of $15.04 billion, a PE ratio of 13.45, a P/E/G 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 company's 50 day moving average is $200.71 and its 200-day moving average is $212.95. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results 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 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%. DICK'S Sporting Goods's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.85 earnings per share. As a group, analysts anticipate 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 company also recently declared 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 2.58%. The ex-dividend date of this dividend 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 34.54%.

DICK'S Sporting Goods announced that its Board of Directors has initiated a stock repurchase plan 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 repurchase up to 18.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

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.