O Shaughnessy Asset Management LLC Buys 77 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

O Shaughnessy Asset Management LLC grew its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,929 shares of the sporting goods retailer’s stock after buying an additional 77 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in DICK’S Sporting Goods were worth $1,586,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. New Wave Wealth Advisors LLC purchased a new stake in DICK’S Sporting Goods in the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth approximately $30,000. Sound Income Strategies LLC increased its stake in shares of DICK’S Sporting Goods by 590.0% in the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 118 shares in the last quarter. Promus Capital LLC bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at $48,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at $55,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $182.63 on Friday. 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, Inc. has a 12 month low of $168.22 and a 12 month high of $254.60. The company has a market capitalization of $14.88 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 2.47 and a beta of 1.53. The firm’s 50-day moving average is $219.03 and its 200 day moving average is $216.05.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating 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 firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the firm posted $3.85 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.66%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 34.54%.

DICK’S Sporting Goods declared that its board has initiated 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 reacquire up to 18.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

DKS has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their price target on DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating on the stock in a report on Wednesday, March 12th. Guggenheim reissued a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Wedbush reaffirmed a “neutral” rating and set a $215.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Truist Financial set a $245.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, March 11th. Finally, Loop Capital reduced their price target on shares of 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. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.50.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’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 transaction, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.