DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Ossiam

Ossiam lifted its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 50.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,619 shares of the sporting goods retailer's stock after acquiring an additional 2,233 shares during the quarter. Ossiam's holdings in DICK'S Sporting Goods were worth $1,515,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DKS. BI Asset Management Fondsmaeglerselskab A S lifted its stake in DICK'S Sporting Goods by 188.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 94,813 shares of the sporting goods retailer's stock worth $21,697,000 after purchasing an additional 61,986 shares in the last quarter. Claret Asset Management Corp acquired a new position in DICK'S Sporting Goods in the 4th quarter valued at about $206,000. Curi RMB Capital LLC lifted its position in shares of DICK'S Sporting Goods by 23.1% during the fourth quarter. Curi RMB Capital LLC now owns 33,743 shares of the sporting goods retailer's stock worth $7,722,000 after purchasing an additional 6,341 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in DICK'S Sporting Goods by 10.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer's stock worth $201,768,000 after buying an additional 86,064 shares during the period. Finally, Dnca Finance boosted its holdings in DICK'S Sporting Goods by 133.9% in the fourth quarter. Dnca Finance now owns 407 shares of the sporting goods retailer's stock valued at $93,000 after purchasing an additional 233 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

DKS has been the topic of a number of recent research reports. Telsey Advisory Group restated an "outperform" rating and set a $250.00 target price on shares of DICK'S Sporting Goods in a research note on Friday, March 14th. Wedbush restated a "neutral" rating and issued a $215.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Truist Financial set a $245.00 target price on shares of DICK'S Sporting Goods in a research note on Tuesday, March 11th. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Finally, Robert W. Baird lowered their price objective on 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and an average price target of $244.72.

DICK'S Sporting Goods Stock Performance

NYSE DKS traded down $1.52 during trading hours on Friday, hitting $187.99. 586,378 shares of the stock were exchanged, compared to its average volume of 1,364,069. 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 company has a market cap of $15.01 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32. DICK'S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The stock has a 50-day moving average of $200.71 and a 200 day moving average of $212.95.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted 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 business had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same period last year, the firm earned $3.85 EPS. The company's quarterly revenue was up .5% compared to the same quarter last year. As a group, equities research analysts forecast 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 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 company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $1.2125 dividend. The ex-dividend date was Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.58%. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio is currently 34.54%.

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.