Blueshift Asset Management LLC Purchases New Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Blueshift Asset Management LLC acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,590 shares of the sporting goods retailer’s stock, valued at approximately $1,737,000. DICK’S Sporting Goods accounts for approximately 0.6% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 28th biggest position.

Other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at $28,000. Brooklyn Investment Group acquired a new position in DICK’S Sporting Goods in the third quarter valued at about $27,000. Rialto Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth about $30,000. Sound Income Strategies LLC lifted its holdings 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 purchasing an additional 118 shares in the last quarter. Finally, True Wealth Design LLC grew its position in shares of DICK’S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after purchasing an additional 145 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $198.42 on Thursday. DICK’S Sporting Goods, Inc. has a 12-month low of $182.84 and a 12-month high of $254.60. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 2.47 and a beta of 1.53. The stock’s 50 day moving average price is $226.60 and its two-hundred day moving average price is $217.31. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share 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 business had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the business earned $3.85 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $1.2125 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a yield of 2.44%. 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%.

DICK’S Sporting Goods announced that its board has authorized a share repurchase 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 purchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have commented on DKS shares. Telsey Advisory Group restated an “outperform” rating and set a $250.00 target price on shares of DICK’S Sporting Goods in a report on Friday, March 14th. Morgan Stanley boosted their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Argus increased their target price 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 cut their price target on 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. Finally, Truist Financial set a $245.00 price objective on DICK’S Sporting Goods in a report on Tuesday, March 11th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.50.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the sale, the chairman now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 in the last three months. 32.03% of the stock is currently owned by company insiders.

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.