XTX Topco Ltd Acquires Shares of 2,121 DICK'S Sporting Goods, Inc. (NYSE:DKS)

XTX Topco Ltd acquired a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,121 shares of the sporting goods retailer's stock, valued at approximately $485,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CreativeOne Wealth LLC raised its position in DICK'S Sporting Goods by 48.4% in the fourth quarter. CreativeOne Wealth LLC now owns 3,737 shares of the sporting goods retailer's stock worth $855,000 after acquiring an additional 1,218 shares during the period. Seeds Investor LLC lifted its stake in DICK'S Sporting Goods by 8.4% in the fourth quarter. Seeds Investor LLC now owns 1,403 shares of the sporting goods retailer's stock valued at $321,000 after purchasing an additional 109 shares during the last quarter. Optimize Financial Inc purchased a new position in DICK'S Sporting Goods in the fourth quarter valued at approximately $557,000. Townsquare Capital LLC grew its holdings in DICK'S Sporting Goods by 529.8% during the fourth quarter. Townsquare Capital LLC now owns 8,175 shares of the sporting goods retailer's stock valued at $1,871,000 after purchasing an additional 6,877 shares during the period. Finally, Distillate Capital Partners LLC purchased a new stake in DICK'S Sporting Goods in the fourth quarter worth $16,117,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of recent research reports. Loop Capital dropped their price target on 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 target price on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Morgan Stanley boosted their price target on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. StockNews.com downgraded shares of DICK'S Sporting Goods from a "hold" rating to a "sell" rating in a report on Tuesday. Finally, Robert W. Baird lowered their target price on shares of DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. One 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $244.72.

DICK'S Sporting Goods Price Performance

NYSE DKS traded up $3.56 during trading hours on Wednesday, reaching $184.37. 1,310,039 shares of the stock traded hands, compared to its average volume of 1,159,947. 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 stock has a 50 day simple moving average of $202.75 and a two-hundred day simple moving average of $213.26. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.15. The company 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%. DICK'S Sporting Goods's revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted $3.85 EPS. On average, analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods announced that its board has initiated a stock 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 repurchase up to 18.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The firm also recently announced 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 of this dividend was Friday, March 28th. This represents a $4.85 annualized dividend and a dividend yield of 2.63%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.54%.

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.