DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc grew its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,415 shares of the sporting goods retailer's stock after buying an additional 4,321 shares during the quarter. Ensign Peak Advisors Inc's holdings in DICK'S Sporting Goods were worth $8,791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $28,000. Ancora Advisors LLC purchased a new position in shares of DICK'S Sporting Goods during the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in shares of DICK'S Sporting Goods in the 4th quarter valued at $30,000. Sound Income Strategies LLC boosted its holdings in DICK'S Sporting Goods by 590.0% during the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after buying an additional 118 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in DICK'S Sporting Goods by 108.6% during the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock valued at $33,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Up 11.2%

NYSE DKS opened at $212.29 on Tuesday. The business's fifty day simple moving average is $193.11 and its 200-day simple moving average is $211.63. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market cap of $16.95 billion, a PE ratio of 15.17, a P/E/G ratio of 2.47 and a beta of 1.16. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60.

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 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm earned $3.85 earnings per share. DICK'S Sporting Goods's quarterly revenue was up .5% compared to the same quarter last year. As a group, equities analysts anticipate 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 announced 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 of this dividend was Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a yield of 2.28%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's payout ratio is currently 34.54%.

DICK'S Sporting Goods declared that its board has authorized a share repurchase program on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

DKS has been the topic of several recent analyst reports. Morgan Stanley increased their target price on shares of 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. Wedbush reissued a "neutral" rating and issued a $215.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Truist Financial set a $245.00 price objective on DICK'S Sporting Goods in a research report on Tuesday, March 11th. Loop Capital decreased 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 report on Thursday, March 13th. Finally, StockNews.com raised shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $239.89.

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.

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