2,500 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Purchased by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,500 shares of the sporting goods retailer’s stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DKS. Wealthfront Advisers LLC bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $1,893,210,000. Norges Bank purchased a new position in DICK’S Sporting Goods in the 4th quarter valued at approximately $221,693,000. Wellington Management Group LLP purchased a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth $125,285,000. KBC Group NV boosted its holdings in shares of 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 worth $107,043,000 after acquiring an additional 217,390 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at $23,791,000. Institutional investors own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $182.63 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The stock has a market cap of $14.58 billion, a PE ratio of 13.05, a PEG ratio of 2.47 and a beta of 1.32. The company’s fifty day moving average is $219.03 and its 200 day moving average is $216.07. DICK’S Sporting Goods, Inc. has a 52 week low of $168.22 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $3.47 by $0.15. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.85 earnings per share. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

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

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, March 28th. 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 is 34.54%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DKS. Loop Capital reduced their target price on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating for the company in a report on Thursday, March 13th. Citigroup reiterated a “neutral” rating and issued a $220.00 target price (down from $230.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. 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 on the stock in a report on Wednesday, March 12th. Guggenheim reissued a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Finally, Truist Financial set a $245.00 target price on DICK’S Sporting Goods in a research report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.50.

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.