DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 0.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,379,006 shares of the sporting goods retailer's stock after buying an additional 13,293 shares during the period. Vanguard Group Inc. owned 6.60% of DICK'S Sporting Goods worth $1,230,932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in DICK'S Sporting Goods in the 4th quarter valued at $28,000. Brooklyn Investment Group acquired a new position in DICK'S Sporting Goods in the third quarter valued at $27,000. Rialto Wealth Management LLC acquired a new stake in DICK'S Sporting Goods in the 4th quarter worth about $30,000. Sound Income Strategies LLC boosted its stake in DICK'S Sporting Goods by 590.0% in 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 last quarter. Finally, True Wealth Design LLC grew its holdings in DICK'S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock valued at $31,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Up 2.5 %

DKS traded up $4.94 during trading hours on Tuesday, reaching $206.50. 1,165,217 shares of the stock traded hands, compared to its average volume of 1,115,043. DICK'S Sporting Goods, Inc. has a fifty-two week low of $182.84 and a fifty-two week high of $254.60. The company has a market cap of $16.82 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 2.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm's fifty day simple moving average is $222.12 and its two-hundred day simple moving average is $216.49.

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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 the consensus estimate 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 company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm earned $3.85 earnings per share. The company's revenue was up .5% on a year-over-year basis. As a group, analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is 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 payout ratio is 34.54%.

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

Wall Street Analyst Weigh In

DKS has been the topic of several research analyst reports. Loop Capital decreased 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $250.00 price target on shares of DICK'S Sporting Goods in a report on Friday, March 14th. Argus boosted their price objective 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. Stifel Nicolaus cut 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. Finally, Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research report 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 MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and an average price target of $245.50.

Insider Activity at DICK'S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction that occurred on 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 sale, the director now owns 50,997 shares in the company, valued at $11,808,355.35. The trade was 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 valued at $39,655,456 over the last ninety days. Corporate insiders own 32.03% of the company's stock.

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.