CoreCap Advisors LLC Acquires 80 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

CoreCap Advisors LLC increased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 10.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 857 shares of the sporting goods retailer’s stock after purchasing an additional 80 shares during the period. CoreCap Advisors LLC’s holdings in DICK’S Sporting Goods were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of DKS. Marion Wealth Management bought a new position in DICK’S Sporting Goods in the 4th quarter worth approximately $545,000. SeaCrest Wealth Management LLC boosted its holdings in DICK’S Sporting Goods by 4.8% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,765 shares of the sporting goods retailer’s stock worth $404,000 after buying an additional 81 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in DICK’S Sporting Goods by 3.5% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer’s stock worth $470,000 after buying an additional 70 shares during the period. Park Avenue Securities LLC boosted its holdings in DICK’S Sporting Goods by 24.0% in the 4th quarter. Park Avenue Securities LLC now owns 4,088 shares of the sporting goods retailer’s stock worth $936,000 after buying an additional 792 shares during the period. Finally, Gateway Investment Advisers LLC boosted its holdings in DICK’S Sporting Goods by 3.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 26,795 shares of the sporting goods retailer’s stock worth $6,132,000 after buying an additional 939 shares during the period. 89.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DKS has been the subject of several analyst reports. Citigroup reaffirmed a “neutral” rating and issued a $220.00 price objective (down from $230.00) on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Robert W. Baird cut their price target on shares of DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. DA Davidson cut 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 report on Wednesday, March 12th. Wedbush reissued a “neutral” rating and issued a $215.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Finally, Guggenheim reissued a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.61.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $190.57 on Monday. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a market capitalization of $15.22 billion, a P/E ratio of 13.62, a P/E/G ratio of 2.47 and a beta of 1.16. The company has a fifty day moving average of $193.20 and a 200-day moving average of $211.58.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.85 EPS. As a group, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Friday, March 28th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 34.54%.

DICK’S Sporting Goods declared that its Board of Directors has approved a share repurchase program 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 reacquire up to 18.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

DICK’S Sporting Goods 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.