WINTON GROUP Ltd Has $460,000 Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

WINTON GROUP Ltd decreased its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 75.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,012 shares of the sporting goods retailer's stock after selling 6,314 shares during the period. WINTON GROUP Ltd's holdings in DICK'S Sporting Goods were worth $460,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DKS. Wealthfront Advisers LLC acquired a new stake in shares of DICK'S Sporting Goods during the fourth quarter worth $1,893,210,000. Holocene Advisors LP acquired a new stake in DICK'S Sporting Goods in the 3rd quarter worth about $70,562,000. KBC Group NV raised its stake in DICK'S Sporting Goods by 86.8% in the 4th 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in DICK'S Sporting Goods in the 3rd quarter valued at about $32,093,000. Finally, World Investment Advisors LLC acquired a new position in shares of DICK'S Sporting Goods during the 3rd quarter worth approximately $29,991,000. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Trading Down 1.3 %

Shares of NYSE:DKS traded down $2.34 during midday trading on Friday, hitting $182.63. 3,464,057 shares of the stock were exchanged, compared to its average volume of 1,133,006. The business's 50-day moving average price is $219.03 and its 200 day moving average price is $216.03. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 2.47 and a beta of 1.53. DICK'S Sporting Goods, Inc. has a 12 month low of $168.44 and a 12 month high of $254.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

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DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping analysts' consensus estimates 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%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.85 EPS. Analysts predict 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $1.2125 per share. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.66%. DICK'S Sporting Goods's payout ratio is presently 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 buy up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages recently issued reports on DKS. Loop Capital cut their price target on DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating for the company in a research note on Thursday, March 13th. TD Cowen upped 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. Citigroup restated a "neutral" rating and issued a $220.00 price target (down previously from $230.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Truist Financial set a $245.00 price objective on shares of DICK'S Sporting Goods in a research report on Tuesday, March 11th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 target price on shares of DICK'S Sporting Goods in a report on Friday, March 14th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus target price of $245.50.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK'S Sporting Goods stock in a transaction that occurred 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 of the company's stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction that occurred on 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 sale, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.03% of the company's stock.

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.