DICK'S Sporting Goods, Inc. (NYSE:DKS) Position Lessened by LSV Asset Management

LSV Asset Management lessened its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 10.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 898,306 shares of the sporting goods retailer's stock after selling 107,000 shares during the period. LSV Asset Management owned 1.10% of DICK'S Sporting Goods worth $205,568,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DKS. Janus Henderson Group PLC raised its holdings in DICK'S Sporting Goods by 9.7% in the 3rd quarter. Janus Henderson Group PLC now owns 10,046 shares of the sporting goods retailer's stock valued at $2,096,000 after acquiring an additional 891 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in DICK'S Sporting Goods in the third quarter valued at $200,000. iA Global Asset Management Inc. purchased a new position in DICK'S Sporting Goods during the third quarter worth about $251,000. National Bank of Canada FI boosted its stake in DICK'S Sporting Goods by 4.4% in the 3rd quarter. National Bank of Canada FI now owns 39,505 shares of the sporting goods retailer's stock worth $8,245,000 after buying an additional 1,662 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in DICK'S Sporting Goods by 20.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,842 shares of the sporting goods retailer's stock valued at $1,637,000 after buying an additional 1,312 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Down 0.4 %

DKS stock traded down $0.78 during mid-day trading on Monday, hitting $185.15. 1,369,508 shares of the company were exchanged, compared to its average volume of 1,156,969. The company has a market capitalization of $14.79 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32. The firm has a fifty day simple moving average of $210.74 and a 200 day simple moving average of $214.56. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60.

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DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (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 firm had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter in the prior year, the firm posted $3.85 earnings per share. DICK'S Sporting Goods's revenue for the quarter was up .5% compared to the same quarter last year. On average, research analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio is currently 34.54%.

DICK'S Sporting Goods announced that its board has authorized a share buyback plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DKS. Morgan Stanley lifted 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. TD Cowen lifted their target price on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Truist Financial set a $245.00 price target on DICK'S Sporting Goods in a research note on Tuesday, March 11th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $250.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday, March 14th. Finally, DA Davidson dropped their target price on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $244.72.

Insider Buying and Selling

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction on Friday, January 17th. The stock was 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 in the company, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 32.03% of the stock is owned by company insiders.

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.