6,641 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Bought by Advisor Resource Council

Advisor Resource Council acquired a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,641 shares of the sporting goods retailer's stock, valued at approximately $1,339,000.

Other large investors also recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $27,000. Ancora Advisors LLC bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $30,000. Bessemer Group Inc. grew its stake in shares of DICK'S Sporting Goods by 108.6% in the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock valued at $33,000 after purchasing an additional 76 shares during the period. Finally, Promus Capital LLC bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $48,000. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DKS has been the topic of several analyst reports. Wells Fargo & Company upped their price objective on DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Telsey Advisory Group restated an "outperform" rating and set a $220.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Robert W. Baird decreased their price target on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research report on Friday, May 16th. JPMorgan Chase & Co. decreased their price target on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Finally, Truist Financial set a $230.00 price target on DICK'S Sporting Goods in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $220.11.

DICK'S Sporting Goods Trading Down 0.3%

Shares of DKS stock traded down $0.59 during trading hours on Friday, reaching $173.64. The company had a trading volume of 2,445,864 shares, compared to its average volume of 1,266,060. The company has a 50 day moving average of $183.45 and a 200 day moving average of $206.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 2.48 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted 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 company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. On average, equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 2.79%. The ex-dividend date of this dividend is Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.69%.

DICK'S Sporting Goods announced that its Board of Directors has approved a stock buyback program on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to buy up to 18.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

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.