DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC raised its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 151.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,185 shares of the sporting goods retailer’s stock after purchasing an additional 39,900 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.08% of DICK’S Sporting Goods worth $15,146,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Greenleaf Trust raised its position in shares of DICK’S Sporting Goods by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock worth $394,000 after buying an additional 50 shares during the period. Independent Advisor Alliance increased its stake in DICK’S Sporting Goods by 5.4% during the fourth quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer’s stock worth $235,000 after acquiring an additional 53 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of DICK’S Sporting Goods by 2.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock worth $577,000 after purchasing an additional 54 shares during the period. Stonegate Investment Group LLC lifted its stake in shares of DICK’S Sporting Goods by 2.9% in the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock valued at $473,000 after purchasing an additional 58 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of DICK’S Sporting Goods by 9.4% during the 4th quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer’s stock worth $176,000 after purchasing an additional 66 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Down 3.8 %

NYSE DKS opened at $202.09 on Monday. The company’s fifty day moving average price is $223.19 and its two-hundred day moving average price is $216.62. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods, Inc. has a 12 month low of $182.84 and a 12 month high of $254.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the firm earned $3.85 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, research analysts predict 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 28th. DICK’S Sporting Goods’s payout ratio is 34.54%.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on DKS. Citigroup restated a “neutral” rating and issued a $220.00 price target (down previously from $230.00) on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Argus upped their price target on shares of 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. Morgan Stanley increased their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Loop Capital reduced their price objective on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating on the stock in a research note on Thursday, March 13th. Finally, DA Davidson decreased their target price on DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average target price of $245.50.

Insider Activity at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now owns 50,997 shares in the company, valued at $11,808,355.35. The trade was 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 valued at $39,655,456. Corporate insiders own 32.03% of the company’s stock.

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.