28,407 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Acquired by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. bought a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 28,407 shares of the sporting goods retailer's stock, valued at approximately $6,501,000. DICK'S Sporting Goods accounts for about 3.1% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 12th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Townsquare Capital LLC grew its stake in shares of DICK'S Sporting Goods by 9.2% in the third quarter. Townsquare Capital LLC now owns 1,298 shares of the sporting goods retailer's stock worth $271,000 after acquiring an additional 109 shares during the last quarter. Captrust Financial Advisors boosted its holdings in DICK'S Sporting Goods by 3.1% in the 3rd quarter. Captrust Financial Advisors now owns 7,968 shares of the sporting goods retailer's stock valued at $1,663,000 after purchasing an additional 237 shares during the period. Edgestream Partners L.P. acquired a new stake in DICK'S Sporting Goods in the 3rd quarter worth $895,000. Benjamin Edwards Inc. bought a new position in shares of DICK'S Sporting Goods during the 3rd quarter worth about $501,000. Finally, Centiva Capital LP increased its holdings in shares of DICK'S Sporting Goods by 25.6% during the 3rd quarter. Centiva Capital LP now owns 5,455 shares of the sporting goods retailer's stock worth $1,138,000 after purchasing an additional 1,112 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

DKS stock traded down $0.38 during midday trading on Wednesday, reaching $170.82. 663,079 shares of the company's stock traded hands, compared to its average volume of 1,136,871. The company has a 50-day simple moving average of $214.60 and a two-hundred day simple moving average of $215.20. 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 $166.67 and a 1-year high of $254.60. The company has a market cap of $13.64 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 2.47 and a beta of 1.32.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its 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. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $3.85 earnings per share. On average, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $1.2125 per share. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio is 34.54%.

DICK'S Sporting Goods declared that its board has initiated a stock repurchase plan on Tuesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DKS. Stifel Nicolaus decreased their target price on DICK'S Sporting Goods from $240.00 to $226.00 and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Citigroup reissued a "neutral" rating and set a $220.00 price objective (down previously from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Morgan Stanley upped their target price on 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. Robert W. Baird decreased their price target on shares of DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Finally, DA Davidson dropped their price objective on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $244.74.

Insider Activity at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.03% of the stock is currently owned by company insiders.

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.