DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 39.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,521 shares of the sporting goods retailer’s stock after purchasing an additional 1,285 shares during the period. Tower Research Capital LLC TRC’s holdings in DICK’S Sporting Goods were worth $1,035,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter worth $28,000. Rialto Wealth Management LLC acquired a new position in DICK’S Sporting Goods in the 4th quarter valued at about $30,000. Sound Income Strategies LLC raised its stake 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 during the last quarter. Bessemer Group Inc. lifted its holdings in DICK’S Sporting Goods by 108.6% in the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer’s stock valued at $33,000 after purchasing an additional 76 shares in the last quarter. Finally, Promus Capital LLC acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Up 2.8 %

DKS opened at $189.46 on Friday. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The firm has a market capitalization of $15.13 billion, a P/E ratio of 13.54, a P/E/G ratio of 2.47 and a beta of 1.32. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $200.71 and its 200-day moving average is $212.95.

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. 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 revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $3.85 earnings per share. Analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $1.2125 dividend. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Friday, March 28th. DICK’S Sporting Goods’s payout ratio is currently 34.54%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DKS. StockNews.com downgraded shares of DICK’S Sporting Goods from a “hold” rating to a “sell” rating in a research note on Tuesday. TD Cowen increased their price target 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 lowered their price objective on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating for the company in a research report on Thursday, March 13th. DA Davidson reduced their target price on DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Finally, Argus raised their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average price target of $244.72.

About DICK’S Sporting Goods

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.