DICK'S Sporting Goods, Inc. (NYSE:DKS) is Tabor Asset Management LP's 7th Largest Position

Tabor Asset Management LP grew its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 237.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,244 shares of the sporting goods retailer's stock after purchasing an additional 26,200 shares during the quarter. DICK'S Sporting Goods comprises approximately 4.1% of Tabor Asset Management LP's portfolio, making the stock its 7th largest holding. Tabor Asset Management LP's holdings in DICK'S Sporting Goods were worth $8,523,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. XTX Topco Ltd purchased a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at approximately $485,000. Argus Investors Counsel Inc. purchased a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at approximately $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of DICK'S Sporting Goods by 78.2% during 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 buying an additional 5,046 shares during the period. Janus Henderson Group PLC raised its position in shares of DICK'S Sporting Goods by 15.9% during the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock valued at $2,664,000 after buying an additional 1,594 shares during the period. Finally, Principal Securities Inc. raised its position in shares of DICK'S Sporting Goods by 11.8% during the 4th quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock valued at $821,000 after buying an additional 380 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Stock Down 2.9%

Shares of DKS stock traded down $5.04 on Friday, reaching $167.36. 1,834,394 shares of the stock were exchanged, compared to its average volume of 1,251,977. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The business's 50 day moving average price is $190.30 and its 200 day moving average price is $210.60. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 2.47 and a beta of 1.16. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month 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. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company's revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.85 earnings per share. As a group, 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 declared that its board has initiated a stock repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.90%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's payout ratio is presently 34.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DKS. Guggenheim reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Truist Financial set a $245.00 target price on DICK'S Sporting Goods in a research report on Tuesday, March 11th. Loop Capital cut their target price on DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating on the stock in a research report on Friday, May 16th. Wells Fargo & Company boosted their target price on DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Barclays set a $217.00 target price on DICK'S Sporting Goods in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $229.47.

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.