Townsquare Capital LLC Acquires 6,877 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Townsquare Capital LLC grew its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 529.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,175 shares of the sporting goods retailer's stock after purchasing an additional 6,877 shares during the period. Townsquare Capital LLC's holdings in DICK'S Sporting Goods were worth $1,871,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Marion Wealth Management bought a new position in DICK'S Sporting Goods in the fourth quarter valued at about $545,000. Argus Investors Counsel Inc. acquired a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings 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 valued at $2,631,000 after purchasing an additional 5,046 shares during the last quarter. Principal Securities Inc. increased its position in DICK'S Sporting Goods by 11.8% during the 4th quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock worth $821,000 after purchasing an additional 380 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of DICK'S Sporting Goods by 15.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer's stock worth $491,000 after purchasing an additional 281 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Up 2.7 %

Shares of DKS stock traded up $4.69 during trading hours on Tuesday, reaching $181.08. The company had a trading volume of 965,970 shares, compared to its average volume of 1,159,349. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The business has a fifty day simple moving average of $202.75 and a 200-day simple moving average of $213.26.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.15. The business had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business's revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $3.85 EPS. On average, research analysts expect 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 has approved a stock buyback plan on Tuesday, March 11th that permits the company to repurchase $3.00 billion in 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 generally an indication that the company's board believes its stock is 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 dividend of $1.2125 per share. The ex-dividend date was Friday, March 28th. 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 yield of 2.68%. DICK'S Sporting Goods's payout ratio is 34.54%.

Wall Street Analyst Weigh In

Several research firms recently commented on DKS. Truist Financial set a $245.00 target price on DICK'S Sporting Goods in a research note on Tuesday, March 11th. DA Davidson reduced 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 report on Wednesday, March 12th. Loop Capital dropped their target price on shares of DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a research report on Thursday, March 13th. Argus lifted their price target on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.