DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Qtron Investments LLC

Qtron Investments LLC grew its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 31.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,255 shares of the sporting goods retailer’s stock after buying an additional 539 shares during the period. Qtron Investments LLC’s holdings in DICK’S Sporting Goods were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. New Wave Wealth Advisors LLC purchased a new stake in DICK’S Sporting Goods during the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new stake in DICK’S Sporting Goods during the fourth quarter worth approximately $30,000. Sound Income Strategies LLC lifted its position in shares of DICK’S Sporting Goods by 590.0% during 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. Bessemer Group Inc. boosted its holdings in shares of DICK’S Sporting Goods by 108.6% in the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer’s stock valued at $33,000 after buying an additional 76 shares in the last quarter. Finally, Promus Capital LLC purchased a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at $48,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DKS. Guggenheim reissued a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Citigroup reissued a “neutral” rating and issued a $220.00 target price (down from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. DA Davidson cut their price target on DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Loop Capital reduced their price objective 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. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $250.00 price target on shares of DICK’S Sporting Goods in a research note on Friday, March 14th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.72.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $186.01 on Friday. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $210.74 and a 200-day simple moving average of $214.58. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.15. The firm had revenue of $3.89 billion during 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 was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.85 earnings per share. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods announced that its board has authorized a stock buyback 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 reacquire up to 18.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.61%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s payout ratio is currently 34.54%.

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.