Natixis Advisors LLC Raises Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Natixis Advisors LLC grew its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 10.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 83,842 shares of the sporting goods retailer's stock after acquiring an additional 7,976 shares during the quarter. Natixis Advisors LLC owned about 0.10% of DICK'S Sporting Goods worth $19,186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DKS. Marion Wealth Management bought a new position in shares of DICK'S Sporting Goods during the 4th quarter valued at approximately $545,000. Strategy Asset Managers LLC purchased a new stake in shares of DICK'S Sporting Goods in the third quarter valued at $4,325,000. Argus Investors Counsel Inc. bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter worth about $257,000. Landscape Capital Management L.L.C. lifted its holdings in shares of DICK'S Sporting Goods by 402.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer's stock worth $3,202,000 after acquiring an additional 12,293 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of DICK'S Sporting Goods by 78.2% during 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 period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at DICK'S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company's stock.

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DICK'S Sporting Goods Stock Up 2.1 %

Shares of NYSE:DKS traded up $3.95 on Friday, hitting $195.30. 3,647,158 shares of the company's stock were exchanged, compared to its average volume of 1,088,010. DICK'S Sporting Goods, Inc. has a 1-year low of $182.84 and a 1-year high of $254.60. The company has a market capitalization of $15.91 billion, a PE ratio of 13.96, a P/E/G ratio of 2.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The firm's 50-day moving average is $225.07 and its 200 day moving average is $216.84.

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, topping the consensus estimate of $3.47 by $0.15. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK'S Sporting Goods's revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business earned $3.85 EPS. Sell-side analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

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

DICK'S Sporting Goods Increases Dividend

The firm 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. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.48%. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio is presently 34.54%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Guggenheim reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Truist Financial set a $245.00 price objective on DICK'S Sporting Goods in a research report on Tuesday, March 11th. Stifel Nicolaus decreased 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 report on Wednesday, March 12th. Citigroup restated a "neutral" rating and issued a $220.00 price target (down from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $250.00 price objective on shares of DICK'S Sporting Goods in a report on Friday, March 14th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $245.50.

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.