National Bank of Canada FI Purchases 2,871 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

National Bank of Canada FI raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 42,376 shares of the sporting goods retailer’s stock after acquiring an additional 2,871 shares during the period. National Bank of Canada FI owned about 0.05% of DICK’S Sporting Goods worth $9,697,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DKS. New Wave Wealth Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new stake in DICK’S Sporting Goods during the 4th quarter worth about $30,000. Sound Income Strategies LLC boosted its stake in shares of DICK’S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after buying an additional 118 shares during the last quarter. Promus Capital LLC acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $48,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 1.3 %

DKS stock opened at $182.63 on Friday. DICK’S Sporting Goods, Inc. has a 52 week low of $168.22 and a 52 week high of $254.60. The company has a market capitalization of $14.88 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The company’s 50-day simple moving average is $219.03 and its 200 day simple moving average is $216.05. 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 announced 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. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the business posted $3.85 EPS. The business’s revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 approved a stock repurchase plan on Tuesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $1.2125 dividend. The ex-dividend date is Friday, March 28th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.66%. DICK’S Sporting Goods’s payout ratio is currently 34.54%.

Insider Activity

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the transaction, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on DKS shares. Truist Financial set a $245.00 price target on DICK’S Sporting Goods in a research report on Tuesday, March 11th. Robert W. Baird decreased their target price on shares of DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Wedbush reaffirmed a “neutral” rating and set a $215.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. TD Cowen lifted their price objective on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Loop Capital dropped their target price 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.50.

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.