F M Investments LLC Grows Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

F M Investments LLC increased its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,702 shares of the sporting goods retailer's stock after acquiring an additional 1,381 shares during the period. F M Investments LLC's holdings in DICK'S Sporting Goods were worth $1,534,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DKS. New Wave Wealth Advisors LLC bought a new stake in DICK'S Sporting Goods in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new stake in DICK'S Sporting Goods during the 4th quarter valued at $30,000. Sound Income Strategies LLC boosted its position in DICK'S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock valued at $32,000 after buying an additional 118 shares during the period. Promus Capital LLC bought a new stake in DICK'S Sporting Goods in the 4th quarter worth $48,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at about $55,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 32.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird cut their target price on DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Loop Capital cut their price objective on 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 DICK'S Sporting Goods in a research note on Tuesday, March 11th. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus dropped 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 report on Thursday, April 10th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $244.72.

DICK'S Sporting Goods Stock Performance

NYSE:DKS traded up $3.21 during mid-day trading on Thursday, reaching $183.86. The company's stock had a trading volume of 183,431 shares, compared to its average volume of 1,152,845. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The stock has a market cap of $14.68 billion, a P/E ratio of 13.08, a PEG ratio of 2.47 and a beta of 1.32. The firm's fifty day moving average price is $207.47 and its two-hundred day moving average price is $213.95. DICK'S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released 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 firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same period in the previous year, the company earned $3.85 earnings per share. The firm's quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods announced that its Board of Directors has initiated a stock repurchase 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 purchase up to 18.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $1.2125 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $4.85 annualized dividend and a dividend yield of 2.64%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's 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.