Intech Investment Management LLC Buys 28,662 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Intech Investment Management LLC raised its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 125.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,538 shares of the sporting goods retailer's stock after buying an additional 28,662 shares during the quarter. Intech Investment Management LLC owned 0.06% of DICK'S Sporting Goods worth $11,794,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in DICK'S Sporting Goods during the third quarter valued at about $27,000. New Wave Wealth Advisors LLC purchased a new stake in DICK'S Sporting Goods during the fourth quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new stake in shares of DICK'S Sporting Goods in the fourth quarter worth approximately $30,000. True Wealth Design LLC lifted its position in shares of DICK'S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock worth $31,000 after purchasing an additional 145 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of DICK'S Sporting Goods by 590.0% in the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after purchasing an additional 118 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at DICK'S Sporting Goods

In other news, 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 owns 16,504 shares in the company, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,933 shares of company stock worth $39,655,456. Insiders own 32.03% of the company's stock.

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DICK'S Sporting Goods Stock Performance

DKS stock traded up $3.95 during midday trading on Friday, hitting $195.30. 3,647,158 shares of the company traded hands, compared to its average volume of 1,088,010. DICK'S Sporting Goods, Inc. has a twelve month low of $182.84 and a twelve month high of $254.60. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The business has a 50 day simple moving average of $225.07 and a 200-day simple moving average of $216.84. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly 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. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the company posted $3.85 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities research analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods announced that its board has authorized a share buyback program on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

DICK'S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $1.2125 dividend. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 28th. This represents a $4.85 annualized dividend and a dividend yield of 2.48%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.54%.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of research analyst reports. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and increased their price target for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Loop Capital reduced their price target on shares of DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating for the company in a research report on Thursday, March 13th. Robert W. Baird reduced their price target on shares of DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Stifel Nicolaus reduced their price target on shares of DICK'S Sporting Goods from $240.00 to $226.00 and set a "hold" rating for the company in a research report on Wednesday, March 12th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, March 14th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, DICK'S Sporting Goods has an average rating of "Moderate Buy" and an average price target of $245.50.

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.