DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 114.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,110 shares of the sporting goods retailer’s stock after acquiring an additional 1,127 shares during the period. Counterpoint Mutual Funds LLC’s holdings in DICK’S Sporting Goods were worth $483,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new stake in DICK’S Sporting Goods in the 4th quarter valued at about $28,000. Brooklyn Investment Group acquired a new stake in DICK’S Sporting Goods in the 3rd quarter valued at about $27,000. Rialto Wealth Management LLC acquired a new stake in DICK’S Sporting Goods in the 4th quarter valued at about $30,000. Sound Income Strategies LLC raised its position in DICK’S Sporting Goods by 590.0% in 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 raised its position in 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 in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Up 1.6 %

Shares of DKS stock opened at $197.60 on Tuesday. The business’s 50 day moving average is $227.97 and its two-hundred day moving average is $217.75. DICK’S Sporting Goods, Inc. has a twelve month low of $182.84 and a twelve month high of $254.60. The company has a market capitalization of $16.10 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. 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 (NYSE:DKS) last announced its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $3.76 billion. During the same period last year, the business posted $3.85 EPS. The company’s revenue was up .5% on a year-over-year basis. Equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

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

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $1.2125 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 34.54%.

Insider Buying and Selling 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 that occurred 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 sale, the executive vice president now directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DKS shares. Robert W. Baird reduced their price target on DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Truist Financial set a $245.00 price target on DICK’S Sporting Goods in a research report on Tuesday, March 11th. Stifel Nicolaus cut their target price on DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating on the stock in a research report on Wednesday, March 12th. Argus raised their target price on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $250.00 target price on shares of DICK’S Sporting Goods in a research report on Friday. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently 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.