Curi RMB Capital LLC Increases Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Curi RMB Capital LLC boosted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 23.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,743 shares of the sporting goods retailer’s stock after purchasing an additional 6,341 shares during the period. Curi RMB Capital LLC’s holdings in DICK’S Sporting Goods were worth $7,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DKS. Dimensional Fund Advisors LP lifted its holdings in DICK’S Sporting Goods by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer’s stock valued at $201,768,000 after acquiring an additional 86,064 shares during the last quarter. Dnca Finance grew its holdings in shares of DICK’S Sporting Goods by 133.9% during the 4th quarter. Dnca Finance now owns 407 shares of the sporting goods retailer’s stock worth $93,000 after purchasing an additional 233 shares during the period. First Trust Advisors LP increased its position in shares of DICK’S Sporting Goods by 16.6% during the 4th quarter. First Trust Advisors LP now owns 462,983 shares of the sporting goods retailer’s stock worth $105,949,000 after purchasing an additional 65,786 shares during the last quarter. Freedom Investment Management Inc. raised its holdings in DICK’S Sporting Goods by 3.9% in the 4th quarter. Freedom Investment Management Inc. now owns 6,074 shares of the sporting goods retailer’s stock valued at $1,390,000 after buying an additional 228 shares during the period. Finally, GeoWealth Management LLC lifted its position in DICK’S Sporting Goods by 17.3% in the fourth quarter. GeoWealth Management LLC now owns 785 shares of the sporting goods retailer’s stock valued at $180,000 after buying an additional 116 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. DA Davidson decreased their price objective on shares of DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Wedbush reaffirmed a “neutral” rating and issued a $215.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Telsey Advisory Group reissued an “outperform” rating and set a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Friday, March 14th. Truist Financial set a $245.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, March 11th. Finally, Guggenheim reissued a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $244.72.

DICK’S Sporting Goods Trading Up 2.6 %

DKS opened at $185.33 on Friday. The business’s 50-day simple moving average is $205.27 and its 200-day simple moving average is $213.71. The company has a market cap of $14.80 billion, a P/E ratio of 13.25, a PEG ratio of 2.47 and a beta of 1.32. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year 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.

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

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $1.2125 per share. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, March 28th. This represents a $4.85 annualized dividend and a dividend yield of 2.62%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 34.54%.

DICK’S Sporting Goods announced that its Board of Directors has initiated a share repurchase plan on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to repurchase up to 18.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.