Eisler Capital Management Ltd. Purchases Shares of 7,425 DICK'S Sporting Goods, Inc. (NYSE:DKS)

Eisler Capital Management Ltd. bought a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,425 shares of the sporting goods retailer's stock, valued at approximately $1,685,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DKS. New Wave Wealth Advisors LLC acquired a new position in shares of DICK'S Sporting Goods during the fourth quarter valued at about $28,000. Ancora Advisors LLC bought a new position in shares of DICK'S Sporting Goods during the 4th quarter worth about $28,000. Rialto Wealth Management LLC bought a new position in shares of DICK'S Sporting Goods during the 4th quarter worth about $30,000. Sound Income Strategies LLC boosted its position in shares of DICK'S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after purchasing an additional 118 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of 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 worth $33,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $0.72 during trading on Friday, reaching $190.57. The company had a trading volume of 986,501 shares, compared to its average volume of 1,166,740. The company has a fifty day moving average of $193.20 and a two-hundred day moving average of $211.58. The stock has a market capitalization of $15.22 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same period in the prior year, the business earned $3.85 EPS. The company's revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

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

DICK'S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $1.2125 dividend. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio is presently 34.54%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DKS. StockNews.com raised shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday. Morgan Stanley raised their price objective on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Loop Capital dropped their price objective on shares of 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. Robert W. Baird dropped their price objective on shares of DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Finally, DA Davidson dropped their price objective on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.