DICK'S Sporting Goods, Inc. (NYSE:DKS) Holdings Boosted by MML Investors Services LLC

MML Investors Services LLC increased its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 32.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,483 shares of the sporting goods retailer's stock after buying an additional 1,342 shares during the quarter. MML Investors Services LLC's holdings in DICK'S Sporting Goods were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in DICK'S Sporting Goods in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC bought a new stake in shares of DICK'S Sporting Goods in the fourth quarter worth $30,000. Sound Income Strategies LLC raised its holdings in DICK'S Sporting Goods by 590.0% in the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock valued at $32,000 after acquiring an additional 118 shares in the last quarter. Bessemer Group Inc. boosted its stake in DICK'S Sporting Goods by 108.6% during the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock valued at $33,000 after acquiring an additional 76 shares during the last quarter. Finally, Promus Capital LLC acquired a new position in DICK'S Sporting Goods during the 4th quarter worth $48,000. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods Price Performance

Shares of DICK'S Sporting Goods stock traded up $6.52 during trading on Friday, hitting $193.87. The stock had a trading volume of 897,675 shares, compared to its average volume of 1,167,904. The business has a fifty day moving average of $196.26 and a two-hundred day moving average of $212.32. The firm has a market cap of $15.48 billion, a P/E ratio of 13.86, a PEG ratio of 2.47 and a beta of 1.32. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. 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 posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, beating 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 company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm posted $3.85 EPS. The business's revenue for the quarter was up .5% on a year-over-year basis. On average, sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

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

DICK'S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a dividend of $1.2125 per share. The ex-dividend date was Friday, March 28th. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.50%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.54%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DKS. DA Davidson decreased their target price on DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. StockNews.com lowered DICK'S Sporting Goods from a "hold" rating to a "sell" rating in a report on Tuesday, April 22nd. Argus boosted their price objective on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their target price on DICK'S Sporting Goods from $205.00 to $171.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Loop Capital cut their target price on 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $241.61.

DICK'S Sporting Goods 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.