Farther Finance Advisors LLC Has $410,000 Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Farther Finance Advisors LLC raised its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 88.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,792 shares of the sporting goods retailer’s stock after acquiring an additional 842 shares during the quarter. Farther Finance Advisors LLC’s holdings in DICK’S Sporting Goods were worth $410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthfront Advisers LLC acquired a new stake in DICK’S Sporting Goods in the fourth quarter valued at approximately $1,893,210,000. State Street Corp boosted its holdings in shares of DICK’S Sporting Goods by 1.2% during the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock valued at $473,945,000 after acquiring an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in DICK’S Sporting Goods by 4.3% during 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 acquiring an additional 77,357 shares during the last quarter. Geode Capital Management LLC increased its holdings in DICK’S Sporting Goods by 1.0% in 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 raised its position in DICK’S Sporting Goods by 86.8% in the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer’s stock valued at $107,043,000 after purchasing an additional 217,390 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DKS. Argus boosted their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Robert W. Baird decreased their price target 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. Truist Financial set a $245.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, March 11th. Morgan Stanley increased their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Wedbush reaffirmed a “neutral” rating and set a $215.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $245.50.

DICK’S Sporting Goods Price Performance

DKS stock opened at $197.60 on Tuesday. 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 company’s 50-day moving average is $227.97 and its 200-day moving average is $217.75. The stock has a market capitalization of $16.10 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods, Inc. has a 1 year low of $182.84 and a 1 year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating 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 firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the firm posted $3.85 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders 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 2.45%. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 34.54%.

DICK’S Sporting Goods announced that its board has initiated a stock buyback program on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

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

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.