DICK’S Sporting Goods, Inc. (NYSE:DKS) Holdings Raised by Pine Haven Investment Counsel Inc

Pine Haven Investment Counsel Inc lifted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,279 shares of the sporting goods retailer’s stock after purchasing an additional 60 shares during the quarter. Pine Haven Investment Counsel Inc’s holdings in DICK’S Sporting Goods were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gateway Investment Advisers LLC lifted its stake in DICK’S Sporting Goods by 8.2% during the first quarter. Gateway Investment Advisers LLC now owns 28,999 shares of the sporting goods retailer’s stock valued at $5,845,000 after buying an additional 2,204 shares in the last quarter. Vest Financial LLC raised its holdings in shares of DICK’S Sporting Goods by 33.0% during the first quarter. Vest Financial LLC now owns 14,769 shares of the sporting goods retailer’s stock valued at $2,977,000 after acquiring an additional 3,663 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of DICK’S Sporting Goods by 17.8% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 18,119 shares of the sporting goods retailer’s stock valued at $3,652,000 after acquiring an additional 2,739 shares in the last quarter. Bremer Bank National Association lifted its position in shares of DICK’S Sporting Goods by 11.2% in the 1st quarter. Bremer Bank National Association now owns 29,360 shares of the sporting goods retailer’s stock valued at $5,918,000 after acquiring an additional 2,951 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in DICK’S Sporting Goods in the 1st quarter worth approximately $290,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $180.74 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The firm has a market cap of $14.43 billion, a PE ratio of 12.92, a PEG ratio of 2.47 and a beta of 1.07. The firm’s 50 day moving average price is $185.16 and its 200 day moving average price is $209.09. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.37. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. 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 announced that its Board of Directors has initiated a share repurchase program on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Friday, June 13th. DICK’S Sporting Goods’s payout ratio is 34.69%.

Analysts Set New Price Targets

DKS has been the topic of several recent analyst reports. Wall Street Zen raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. Robert W. Baird lowered their price target on DICK’S Sporting Goods from $230.00 to $185.00 and set a “neutral” rating on the stock in a report on Friday, May 16th. Truist Financial set a $230.00 price target on DICK’S Sporting Goods in a research report on Wednesday, May 28th. JPMorgan Chase & Co. decreased their price objective on DICK’S Sporting Goods from $224.00 to $195.00 and set a “neutral” rating for the company in a research report on Thursday, May 29th. Finally, UBS Group lowered their target price on DICK’S Sporting Goods from $260.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $220.11.

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.