Russell Investments Group Ltd. Has $19.01 Million Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Russell Investments Group Ltd. trimmed its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 16.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,022 shares of the sporting goods retailer's stock after selling 16,677 shares during the period. Russell Investments Group Ltd. owned approximately 0.10% of DICK'S Sporting Goods worth $19,005,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust boosted its stake in DICK'S Sporting Goods by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer's stock valued at $394,000 after buying an additional 50 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of DICK'S Sporting Goods by 5.4% during the 4th quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock valued at $235,000 after purchasing an additional 53 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of DICK'S Sporting Goods by 2.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer's stock valued at $577,000 after purchasing an additional 54 shares in the last quarter. Stonegate Investment Group LLC grew its stake in shares of DICK'S Sporting Goods by 2.9% in the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer's stock worth $473,000 after purchasing an additional 58 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of DICK'S Sporting Goods by 9.4% in the 4th quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer's stock worth $176,000 after purchasing an additional 66 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

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Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 16,504 shares of the company's stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Stock Up 0.2 %

Shares of NYSE:DKS traded up $0.36 during trading on Monday, reaching $186.29. 710,471 shares of the company traded hands, compared to its average volume of 1,154,491. 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 quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The firm has a market cap of $14.88 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) 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 firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter last year, the firm earned $3.85 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. Analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods announced that its Board of Directors has initiated a share repurchase program on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.54%.

Analysts Set New Price Targets

DKS has been the subject of a number of 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 report on Friday, March 14th. TD Cowen raised their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Wedbush reaffirmed a "neutral" rating and set a $215.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Truist Financial set a $245.00 price target on DICK'S Sporting Goods in a research report on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating and eleven 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 price target of $244.72.

DICK'S Sporting Goods Company 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.