O Shaughnessy Asset Management LLC Acquires 77 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

O Shaughnessy Asset Management LLC increased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,929 shares of the sporting goods retailer’s stock after buying an additional 77 shares during the period. O Shaughnessy Asset Management LLC’s holdings in DICK’S Sporting Goods were worth $1,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DKS. Marion Wealth Management bought a new position in shares of DICK’S Sporting Goods in the 4th quarter worth $545,000. Argus Investors Counsel Inc. bought a new position in DICK’S Sporting Goods in the fourth quarter worth about $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in shares of DICK’S Sporting Goods by 78.2% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer’s stock valued at $2,631,000 after buying an additional 5,046 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of DICK’S Sporting Goods by 11.8% in the 4th quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer’s stock valued at $821,000 after buying an additional 380 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of DICK’S Sporting Goods by 15.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer’s stock worth $491,000 after buying an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction on 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 sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. 32.03% of the stock is owned by company insiders.

DICK’S Sporting Goods Stock Down 1.3 %

Shares of DKS stock opened at $182.63 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. DICK’S Sporting Goods, Inc. has a twelve month low of $168.22 and a twelve month high of $254.60. The stock has a 50 day moving average of $219.03 and a 200 day moving average of $216.05. The stock has a market cap of $14.88 billion, a P/E ratio of 13.05, a P/E/G ratio of 2.47 and a beta of 1.53.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating 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 net margin of 8.65% and a return on equity of 42.00%. The business’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.85 EPS. As a group, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods announced that its board has approved a share repurchase program on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.66%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 34.54%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Stifel Nicolaus decreased their target price on shares of DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating for the company in a research report on Wednesday, March 12th. Citigroup reiterated a “neutral” rating and set a $220.00 price objective (down previously from $230.00) on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. TD Cowen boosted their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Loop Capital decreased their price target 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 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. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price 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.