DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by F M Investments LLC

F M Investments LLC raised its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 26.0% in the 4th quarter, HoldingsChannel reports. The fund owned 6,702 shares of the sporting goods retailer’s stock after acquiring an additional 1,381 shares during the period. F M Investments LLC’s holdings in DICK’S Sporting Goods were worth $1,534,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at $28,000. Rialto Wealth Management LLC acquired a new stake in DICK’S Sporting Goods in the 4th quarter worth about $30,000. Sound Income Strategies LLC increased its stake 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 valued at $32,000 after acquiring an additional 118 shares during the last quarter. Promus Capital LLC acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at about $48,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $55,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $186.01 on Friday. 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 fifty day moving average price is $210.74 and its two-hundred day moving average price is $214.58. The firm has a market capitalization of $14.85 billion, a P/E ratio of 13.30, a P/E/G 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 announced its earnings results 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. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the company posted $3.85 EPS. DICK’S Sporting Goods’s quarterly revenue was up .5% on a year-over-year basis. On average, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods declared that its board has approved a stock buyback plan on Tuesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the sporting goods retailer to repurchase up to 18.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid 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 yield of 2.61%. 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%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction on 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 owns 16,504 shares in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 32.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DKS shares. DA Davidson dropped their price target on shares of DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Telsey Advisory Group reissued an “outperform” rating and set a $250.00 price target on shares of DICK’S Sporting Goods in a research report on Friday, March 14th. Stifel Nicolaus reduced their price objective on DICK’S Sporting Goods from $226.00 to $192.00 and set a “hold” rating on the stock in a research note on Thursday. Robert W. Baird dropped their target price 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. Finally, Loop Capital reduced their price target on shares of 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. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average price target of $242.95.

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.