Coppell Advisory Solutions LLC Purchases 132 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Coppell Advisory Solutions LLC grew its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 74.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 310 shares of the sporting goods retailer’s stock after acquiring an additional 132 shares during the period. Coppell Advisory Solutions LLC’s holdings in DICK’S Sporting Goods were worth $72,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its holdings in DICK’S Sporting Goods by 31.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 159,424 shares of the sporting goods retailer’s stock valued at $36,483,000 after purchasing an additional 38,564 shares during the period. MGO One Seven LLC purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $209,000. Pinebridge Investments L.P. raised its holdings in shares of DICK’S Sporting Goods by 39.5% during the fourth quarter. Pinebridge Investments L.P. now owns 17,782 shares of the sporting goods retailer’s stock valued at $4,069,000 after acquiring an additional 5,038 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in DICK’S Sporting Goods by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 222,582 shares of the sporting goods retailer’s stock worth $50,936,000 after acquiring an additional 4,075 shares during the period. Finally, Stifel Financial Corp boosted its holdings in DICK’S Sporting Goods by 126.6% in the fourth quarter. Stifel Financial Corp now owns 19,918 shares of the sporting goods retailer’s stock valued at $4,558,000 after acquiring an additional 11,127 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DKS shares. Argus raised their target price 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. Telsey Advisory Group restated an “outperform” rating and issued a $250.00 price objective on shares of DICK’S Sporting Goods in a report on Friday, March 14th. Robert W. Baird reduced their target price on DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Stifel Nicolaus lowered their target price on DICK’S Sporting Goods from $226.00 to $192.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $244.72.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $187.99 on Friday. The firm has a market cap of $15.01 billion, a P/E ratio of 13.44, a PEG ratio of 2.47 and a beta of 1.32. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. 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 company has a 50 day moving average of $199.77 and a 200 day moving average of $212.83.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results 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 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 quarter in the previous year, the business earned $3.85 earnings per share. As a group, 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 business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date 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 (DPR) is presently 34.54%.

DICK’S Sporting Goods declared that its board has authorized a stock repurchase plan on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the sporting goods retailer to repurchase up to 18.5% of its shares through open market purchases. Shares buyback plans are typically a sign 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.