Natixis Advisors LLC Acquires 7,976 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Natixis Advisors LLC grew its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,842 shares of the sporting goods retailer’s stock after purchasing an additional 7,976 shares during the period. Natixis Advisors LLC’s holdings in DICK’S Sporting Goods were worth $19,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $28,000. Brooklyn Investment Group bought a new stake in DICK’S Sporting Goods during the 3rd quarter worth approximately $27,000. Rialto Wealth Management LLC bought a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $30,000. Sound Income Strategies LLC increased its holdings in 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 acquiring an additional 118 shares during the period. Finally, True Wealth Design LLC increased its holdings in DICK’S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after acquiring an additional 145 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $193.39 on Wednesday. DICK’S Sporting Goods, Inc. has a 52-week low of $182.84 and a 52-week high of $254.60. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The company has a fifty day moving average of $227.28 and a 200-day moving average of $217.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.15. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.76 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.85 EPS. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods declared that its Board of Directors has approved a stock buyback program on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $1.2125 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $4.85 annualized dividend and a yield of 2.51%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s dividend payout ratio is presently 34.54%.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the sale, the chairman now owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares of the company’s stock, 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 sold 172,933 shares of company stock valued at $39,655,456 in the last quarter. Company insiders own 32.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DKS. DA Davidson decreased their target price on shares of DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. TD Cowen upped their target price on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Truist Financial set a $245.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, March 11th. Telsey Advisory Group reissued an “outperform” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a report on Friday, March 14th. Finally, UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $245.50.

About DICK’S Sporting Goods

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.