DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Man Group plc

Man Group plc lessened its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 88.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,932 shares of the sporting goods retailer’s stock after selling 198,055 shares during the quarter. Man Group plc’s holdings in DICK’S Sporting Goods were worth $5,934,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DKS. XTX Topco Ltd acquired a new position in DICK’S Sporting Goods during the 4th quarter valued at approximately $485,000. Argus Investors Counsel Inc. bought a new stake in DICK’S Sporting Goods during the 4th quarter valued at $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in DICK’S Sporting Goods by 78.2% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer’s stock valued at $2,631,000 after acquiring an additional 5,046 shares in the last quarter. Principal Securities Inc. raised its stake in DICK’S Sporting Goods by 11.8% during the 4th quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer’s stock valued at $821,000 after acquiring an additional 380 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in DICK’S Sporting Goods by 15.1% during the 4th quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer’s stock valued at $491,000 after acquiring an additional 281 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

DKS has been the topic of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating and set a $220.00 target price (down from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Wells Fargo & Company lifted their price target on DICK’S Sporting Goods from $171.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. Guggenheim restated a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. TD Cowen downgraded DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $216.00 target price on the stock. in a research note on Thursday, May 15th. Finally, Truist Financial set a $245.00 price target on DICK’S Sporting Goods in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $229.47.

DICK’S Sporting Goods Price Performance

DKS stock opened at $182.67 on Wednesday. The firm’s 50-day moving average price is $191.70 and its two-hundred day moving average price is $211.22. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 2.47 and a beta of 1.16. 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 (NYSE:DKS) last posted 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. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.85 earnings per share. As a group, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $1.2125 dividend. The ex-dividend date was Friday, March 28th. This is an increase 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 dividend payout ratio (DPR) is presently 34.54%.

DICK’S Sporting Goods announced that its Board of Directors has approved a stock buyback 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 repurchase up to 18.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.