DICK'S Sporting Goods, Inc. (NYSE:DKS) Stake Boosted by Boothbay Fund Management LLC

Boothbay Fund Management LLC increased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 828.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 60,223 shares of the sporting goods retailer's stock after purchasing an additional 53,738 shares during the period. Boothbay Fund Management LLC owned 0.07% of DICK'S Sporting Goods worth $13,781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in DICK'S Sporting Goods in the fourth quarter valued at $485,000. Marion Wealth Management purchased a new stake in DICK'S Sporting Goods during the 4th quarter valued at approximately $545,000. Argus Investors Counsel Inc. acquired a new stake in DICK'S Sporting Goods during the 4th quarter worth approximately $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of DICK'S Sporting Goods by 78.2% in 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 purchasing an additional 5,046 shares during the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of DICK'S Sporting Goods by 11.8% in the fourth quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock valued at $821,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Trading Down 2.2 %

NYSE:DKS traded down $4.31 during trading hours on Wednesday, reaching $187.70. 1,044,782 shares of the company were exchanged, compared to its average volume of 842,640. The firm has a market cap of $14.99 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 2.47 and a beta of 1.32. The stock has a 50 day simple moving average of $198.17 and a 200 day simple moving average of $212.73. DICK'S Sporting Goods, Inc. has a 52-week low of $183.59 and a 52-week high of $192.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the company posted $3.85 EPS. The business's quarterly revenue was up .5% on a year-over-year basis. As a group, analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio is currently 34.54%.

DICK'S Sporting Goods announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DKS. Morgan Stanley increased their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Argus raised their target price on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. 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 on the stock in a research report on Wednesday, March 12th. TD Cowen increased their price target on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their target price on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. One 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $241.61.

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.