DICK’S Sporting Goods, Inc. (NYSE:DKS) Position Increased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. boosted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,963 shares of the sporting goods retailer’s stock after purchasing an additional 286 shares during the quarter. Westwood Holdings Group Inc.’s holdings in DICK’S Sporting Goods were worth $1,136,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DKS. Wealthfront Advisers LLC bought a new stake in DICK’S Sporting Goods in the fourth quarter valued at $1,893,210,000. Charles Schwab Investment Management Inc. increased its holdings in shares of DICK’S Sporting Goods by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer’s stock worth $427,056,000 after acquiring an additional 77,357 shares during the period. Geode Capital Management LLC increased its holdings in shares of DICK’S Sporting Goods by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer’s stock worth $241,660,000 after acquiring an additional 15,011 shares during the period. Norges Bank bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at about $221,693,000. Finally, Dimensional Fund Advisors LP lifted its position in DICK’S Sporting Goods by 10.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer’s stock valued at $201,768,000 after purchasing an additional 86,064 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Trading Down 0.1%

Shares of NYSE:DKS opened at $182.67 on Wednesday. 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 stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 2.47 and a beta of 1.16. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a 50 day moving average price of $191.70 and a 200 day moving average price of $211.22.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating 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 return on equity of 42.00% and a net margin of 8.65%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.85 EPS. On average, research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Friday, March 28th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s payout ratio is presently 34.54%.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on DKS. Truist Financial set a $245.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, March 11th. Morgan Stanley boosted their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Loop Capital lowered their target price on DICK’S Sporting Goods from $195.00 to $180.00 and set a “hold” rating on the stock in a research report on Friday, May 16th. Wells Fargo & Company boosted their price target on DICK’S Sporting Goods from $171.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 14th. Finally, StockNews.com raised DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $229.47.

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.