National Bank of Canada FI Has $9.70 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

National Bank of Canada FI boosted its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,376 shares of the sporting goods retailer's stock after buying an additional 2,871 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of DICK'S Sporting Goods worth $9,697,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Marion Wealth Management bought a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at about $545,000. Argus Investors Counsel Inc. acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth approximately $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of DICK'S Sporting Goods by 78.2% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer's stock worth $2,631,000 after purchasing an additional 5,046 shares during the last quarter. Principal Securities Inc. boosted its position in DICK'S Sporting Goods by 11.8% during the 4th quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock valued at $821,000 after purchasing an additional 380 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in DICK'S Sporting Goods by 15.1% during the 4th quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer's stock worth $491,000 after buying an additional 281 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

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DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $11.91 on Thursday, reaching $186.03. 369,995 shares of the company traded hands, compared to its average volume of 1,144,329. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock has a market capitalization of $14.86 billion, a PE ratio of 13.34, a P/E/G ratio of 2.47 and a beta of 1.32. The company's 50 day moving average is $212.73 and its 200-day moving average is $214.97. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week 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 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the company posted $3.85 EPS. DICK'S Sporting Goods's revenue for the quarter was up .5% on a year-over-year basis. As a group, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods declared that its board has authorized a share buyback program on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $1.2125 dividend. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a yield of 2.61%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.54%.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 32.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DKS. 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 report on Thursday, March 13th. Morgan Stanley boosted their target price on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. DA Davidson cut their price target on DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Finally, Argus increased their price objective on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $242.95.

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.