Xponance Inc. Acquires 1,386 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Xponance Inc. raised its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,793 shares of the sporting goods retailer’s stock after acquiring an additional 1,386 shares during the quarter. Xponance Inc.’s holdings in DICK’S Sporting Goods were worth $2,470,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at $27,000. New Wave Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth about $28,000. Rialto Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $30,000. True Wealth Design LLC raised its position in shares of DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after buying an additional 145 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings 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 acquiring an additional 118 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Argus boosted their price target on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Wedbush reissued a “neutral” rating and issued a $215.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Morgan Stanley raised their price target on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Loop Capital dropped their target price on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating for the company in a report on Thursday, March 13th. Finally, Citigroup restated a “neutral” rating and set a $220.00 target price (down previously from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $245.50.

DICK’S Sporting Goods Trading Up 2.1 %

Shares of NYSE DKS opened at $195.30 on Friday. DICK’S Sporting Goods, Inc. has a 1-year low of $182.84 and a 1-year high of $254.60. The company has a 50-day moving average of $225.07 and a two-hundred day moving average of $216.84. The company has a market cap of $15.91 billion, a PE ratio of 13.96, a P/E/G 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 posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.15. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.76 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.85 EPS. As a group, equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $1.2125 per share. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. This represents a $4.85 annualized dividend and a dividend yield of 2.48%. DICK’S Sporting Goods’s payout ratio is presently 34.54%.

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

Insider Activity

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the sale, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. 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 90 days. 32.03% of the stock is owned by company insiders.

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.