Brevan Howard Capital Management LP Acquires 2,005 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Brevan Howard Capital Management LP grew its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 22.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,831 shares of the sporting goods retailer’s stock after buying an additional 2,005 shares during the period. Brevan Howard Capital Management LP’s holdings in DICK’S Sporting Goods were worth $2,479,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Bridgefront Capital LLC acquired a new stake in DICK’S Sporting Goods in the fourth quarter worth $1,271,000. Baird Financial Group Inc. grew its stake in shares of DICK’S Sporting Goods by 4.1% in the 4th quarter. Baird Financial Group Inc. now owns 20,177 shares of the sporting goods retailer’s stock valued at $4,617,000 after buying an additional 798 shares during the period. Benjamin Edwards Inc. increased its position in DICK’S Sporting Goods by 5.7% in the 4th quarter. Benjamin Edwards Inc. now owns 2,538 shares of the sporting goods retailer’s stock valued at $581,000 after buying an additional 137 shares in the last quarter. Ancora Advisors LLC acquired a new position in DICK’S Sporting Goods during the 4th quarter worth approximately $28,000. Finally, PDT Partners LLC bought a new position in DICK’S Sporting Goods in the fourth quarter worth approximately $458,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 1.5 %

Shares of DICK’S Sporting Goods stock opened at $186.90 on Wednesday. The stock has a fifty day moving average price of $194.81 and a 200-day moving average price of $211.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a market cap of $14.92 billion, a PE ratio of 13.36, a P/E/G ratio of 2.47 and a beta of 1.16. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the firm posted $3.85 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

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 given a $1.2125 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 34.54%.

DICK’S Sporting Goods declared that its Board of Directors has approved a share repurchase plan 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 plans are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DKS shares. Stifel Nicolaus decreased their price objective 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. Argus boosted their price target on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Loop Capital dropped their price objective on shares of DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating on the stock in a research note on Thursday, March 13th. Truist Financial set a $245.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, March 11th. Finally, Wedbush restated a “neutral” rating and issued a $215.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $241.61.

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.