DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 100.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 55,740 shares of the sporting goods retailer's stock after purchasing an additional 27,956 shares during the period. Empowered Funds LLC owned approximately 0.07% of DICK'S Sporting Goods worth $12,756,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kerusso Capital Management LLC purchased a new stake in shares of DICK'S Sporting Goods in the third quarter valued at about $1,554,000. National Pension Service purchased a new stake in shares of DICK'S Sporting Goods in the third quarter valued at about $4,195,000. Marion Wealth Management purchased a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $545,000. Strategy Asset Managers LLC acquired a new stake in shares of DICK'S Sporting Goods in the third quarter valued at about $4,325,000. Finally, Argus Investors Counsel Inc. acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $257,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on DKS shares. TD Cowen raised their price objective 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. UBS Group upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price objective for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Argus lifted 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 research report on Wednesday, January 29th. Wedbush restated a "neutral" rating and set a $215.00 target price (down previously from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Finally, Loop Capital lifted their target price on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $248.09.

DICK'S Sporting Goods Trading Down 1.1 %

DICK'S Sporting Goods stock traded down $2.59 during trading on Wednesday, reaching $241.40. The company had a trading volume of 960,185 shares, compared to its average volume of 1,033,428. DICK'S Sporting Goods, Inc. has a 12-month low of $160.31 and a 12-month high of $254.60. The stock's 50 day moving average price is $230.53 and its two-hundred day moving average price is $217.71. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.57 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.07. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. DICK'S Sporting Goods's revenue was up .5% compared to the same quarter last year. As a group, equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.82%. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the transaction, the director now owns 50,997 shares of the company's stock, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock worth $39,655,456 over the last ninety days. 32.03% of the stock is owned by company insiders.

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.