Keystone Investors PTE Ltd. Invests $3.56 Million in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Keystone Investors PTE Ltd. purchased a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,540 shares of the sporting goods retailer's stock, valued at approximately $3,556,000.

Other hedge funds also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in shares of DICK'S Sporting Goods in the 4th quarter valued at $28,000. Brooklyn Investment Group purchased a new position in DICK'S Sporting Goods in the 3rd quarter valued at $27,000. Rialto Wealth Management LLC acquired a new position in shares of DICK'S Sporting Goods during the fourth quarter worth about $30,000. Sound Income Strategies LLC raised its stake in shares of 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 worth $32,000 after buying an additional 118 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of DICK'S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock valued at $31,000 after buying an additional 145 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on DKS. Morgan Stanley raised their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Loop Capital reduced their target price on DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a report on Thursday, March 13th. Citigroup reissued a "neutral" rating and issued a $220.00 target price (down previously from $230.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Stifel Nicolaus lowered 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. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $250.00 target price 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 given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $245.50.

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Insider Transactions at DICK'S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the sale, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the transaction, the director now owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock worth $39,655,456 over the last 90 days. 32.03% of the stock is currently owned by insiders.

DICK'S Sporting Goods Stock Performance

Shares of DKS stock traded down $8.00 on Friday, hitting $202.09. The company had a trading volume of 1,593,082 shares, compared to its average volume of 1,113,853. 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 firm has a market cap of $16.47 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The company has a 50-day moving average price of $223.19 and a 200-day moving average price of $216.56. DICK'S Sporting Goods, Inc. has a twelve month low of $182.84 and a twelve month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released 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 net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the company earned $3.85 EPS. The business'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 fiscal year.

DICK'S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $1.2125 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.40%. 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%.

DICK'S Sporting Goods declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management 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.