Ostrum Asset Management Acquires Shares of 2,470 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Ostrum Asset Management acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,470 shares of the sporting goods retailer’s stock, valued at approximately $565,000.

Other hedge funds have also modified their holdings of the company. Greenleaf Trust boosted its stake in 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 valued at $394,000 after buying an additional 50 shares in the last quarter. Independent Advisor Alliance boosted its stake in shares of DICK’S Sporting Goods by 5.4% in the 4th quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer’s stock valued at $235,000 after purchasing an additional 53 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake 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 valued at $577,000 after purchasing an additional 54 shares in the last quarter. Stonegate Investment Group LLC grew its holdings 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 worth $473,000 after purchasing an additional 58 shares during the last quarter. Finally, IFP Advisors Inc increased its position 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 in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DKS has been the topic of a number of recent analyst reports. Citigroup restated a “neutral” rating and issued a $220.00 price target (down from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. DA Davidson decreased their price target 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. Robert W. Baird cut their price objective on DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Loop Capital decreased their target price on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating on the stock in a report on Thursday, March 13th. Finally, Stifel Nicolaus cut their price target on DICK’S Sporting Goods from $226.00 to $192.00 and set a “hold” rating for the company in a report on Thursday, April 10th. 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 data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus price target of $244.72.

DICK’S Sporting Goods Stock Up 2.6 %

NYSE:DKS opened at $185.33 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The stock’s fifty day simple moving average is $205.27 and its 200-day simple moving average is $213.75. The firm has a market capitalization of $14.80 billion, a P/E ratio of 13.25, a P/E/G ratio of 2.47 and a beta of 1.32.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $3.85 earnings per share. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

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

DICK’S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s dividend payout ratio is presently 34.54%.

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.