TrueMark Investments LLC Boosts Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

TrueMark Investments LLC raised its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 66.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,645 shares of the sporting goods retailer's stock after purchasing an additional 5,450 shares during the period. TrueMark Investments LLC's holdings in DICK'S Sporting Goods were worth $3,123,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Wealthfront Advisers LLC bought a new position in DICK'S Sporting Goods in the 4th quarter valued at about $1,893,210,000. State Street Corp increased its position in DICK'S Sporting Goods by 1.2% during the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer's stock worth $473,945,000 after acquiring an additional 27,155 shares during the period. Charles Schwab Investment Management Inc. raised its stake in DICK'S Sporting Goods by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer's stock worth $427,056,000 after purchasing an additional 77,357 shares in the last quarter. Geode Capital Management LLC grew its position in shares of DICK'S Sporting Goods by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock worth $217,169,000 after purchasing an additional 10,640 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of DICK'S Sporting Goods by 86.8% during the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock worth $107,043,000 after purchasing an additional 217,390 shares during the period. 89.83% of the stock is owned by institutional investors.

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DICK'S Sporting Goods Stock Down 3.8 %

Shares of NYSE:DKS traded down $8.00 during trading on Friday, hitting $202.09. The stock had a trading volume of 1,593,082 shares, compared to its average volume of 1,113,853. 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 12 month low of $182.84 and a 12 month high of $254.60. The company has a market capitalization of $16.47 billion, a PE ratio of 14.45, a PEG ratio of 2.47 and a beta of 1.53. The firm's fifty day moving average is $223.19 and its 200 day moving average is $216.56.

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

DICK'S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $1.2125 per share. 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 dividend on an annualized basis and a dividend yield of 2.40%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.54%.

DICK'S Sporting Goods announced that its Board of Directors has initiated a share repurchase plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DKS shares. Morgan Stanley increased their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Argus raised their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Robert W. Baird cut their price objective on shares of 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. TD Cowen lifted their target price on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, Wedbush restated a "neutral" rating and issued a $215.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $245.50.

Insider Activity

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

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.