DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 24.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 21,694 shares of the sporting goods retailer's stock after acquiring an additional 4,267 shares during the period. Thrivent Financial for Lutherans' holdings in DICK'S Sporting Goods were worth $4,865,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new position in DICK'S Sporting Goods during the 3rd quarter worth about $27,000. New Wave Wealth Advisors LLC purchased a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $30,000. True Wealth Design LLC increased its stake in DICK'S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock worth $31,000 after buying an additional 145 shares during the period. Finally, Sound Income Strategies LLC increased its stake in DICK'S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Trading Down 3.8 %

DICK'S Sporting Goods stock traded down $8.00 during midday trading on Friday, reaching $202.09. The stock had a trading volume of 1,593,082 shares, compared to its average volume of 1,112,734. The stock has a market capitalization of $16.47 billion, a PE ratio of 14.45, a price-to-earnings-growth 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 stock's 50-day simple moving average is $223.71 and its 200 day simple moving average is $216.54. DICK'S Sporting Goods, Inc. has a twelve month low of $182.84 and a twelve month high of $254.60.

Remove Ads

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. 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 quarter last year, the firm posted $3.85 earnings per share. Analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods announced that its Board of Directors has initiated a share repurchase plan 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 reacquire up to 18.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board 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. Shareholders of record on Friday, March 28th will be given a $1.2125 dividend. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 28th. This represents a $4.85 annualized dividend and a yield of 2.40%. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.54%.

Insider Activity

In other DICK'S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares of the company's stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the transaction, the director now directly owns 50,997 shares of the company's stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock worth $39,655,456 over the last 90 days. Company insiders own 32.03% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DKS. Robert W. Baird reduced their price objective on 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. Morgan Stanley boosted their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Truist Financial set a $245.00 target price on shares of DICK'S Sporting Goods in a research note on Tuesday, March 11th. Stifel Nicolaus cut their price target on shares of DICK'S Sporting Goods from $240.00 to $226.00 and set a "hold" rating for the company in a report on Wednesday, March 12th. Finally, Loop Capital decreased their price objective on shares of DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a report on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.