Brandywine Global Investment Management LLC Has $15.15 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Brandywine Global Investment Management LLC lifted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 151.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,185 shares of the sporting goods retailer's stock after acquiring an additional 39,900 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.08% of DICK'S Sporting Goods worth $15,146,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Cerity Partners LLC lifted its holdings in DICK'S Sporting Goods by 108.5% in the third quarter. Cerity Partners LLC now owns 14,647 shares of the sporting goods retailer's stock valued at $3,057,000 after buying an additional 7,621 shares during the period. Brooklyn Investment Group acquired a new position in shares of DICK'S Sporting Goods in the 3rd quarter valued at $27,000. BNP Paribas Financial Markets grew its stake in shares of DICK'S Sporting Goods by 0.5% during the third quarter. BNP Paribas Financial Markets now owns 51,795 shares of the sporting goods retailer's stock worth $10,810,000 after purchasing an additional 259 shares during the period. Townsquare Capital LLC increased its holdings in DICK'S Sporting Goods by 9.2% in the third quarter. Townsquare Capital LLC now owns 1,298 shares of the sporting goods retailer's stock valued at $271,000 after purchasing an additional 109 shares during the last quarter. Finally, Bridgewater Associates LP lifted its stake in DICK'S Sporting Goods by 245.7% in the third quarter. Bridgewater Associates LP now owns 6,002 shares of the sporting goods retailer's stock valued at $1,253,000 after buying an additional 4,266 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DKS shares. Wedbush reaffirmed a "neutral" rating and issued a $215.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Argus increased their target price on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Morgan Stanley boosted their price target on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Truist Financial set a $245.00 price objective on DICK'S Sporting Goods in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus decreased their target price on DICK'S Sporting Goods from $240.00 to $226.00 and set a "hold" rating for the company in a research note on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.50.

DICK'S Sporting Goods Stock Down 1.3 %

Shares of DKS stock traded down $2.34 during trading on Friday, reaching $182.63. The company's stock had a trading volume of 3,464,057 shares, compared to its average volume of 1,132,468. The company has a market cap of $14.88 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. DICK'S Sporting Goods, Inc. has a one year low of $168.22 and a one year high of $254.60. The business has a fifty day moving average price of $219.03 and a 200-day moving average price of $216.03. 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 posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.15. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $3.85 EPS. Analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $1.2125 per share. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio is 34.54%.

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

Insider Buying and Selling at DICK'S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares of the company's stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the sale, the executive vice president now directly owns 16,504 shares of the company's stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 32.03% of the company's stock.

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.