Mackenzie Financial Corp Acquires 27,575 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Mackenzie Financial Corp increased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 49.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,522 shares of the sporting goods retailer's stock after buying an additional 27,575 shares during the quarter. Mackenzie Financial Corp owned 0.10% of DICK'S Sporting Goods worth $19,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new position in shares of DICK'S Sporting Goods in the fourth quarter worth about $28,000. Ancora Advisors LLC purchased a new position in DICK'S Sporting Goods in the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC bought a new stake in DICK'S Sporting Goods in the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC boosted its stake in shares of 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 valued at $32,000 after purchasing an additional 118 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of 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 purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Truist Financial set a $245.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday, March 11th. Argus increased their target price on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. TD Cowen downgraded DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target on the stock. in a report on Thursday, May 15th. DA Davidson lowered their price target on DICK'S Sporting Goods from $273.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Barclays lifted their price objective on DICK'S Sporting Goods from $217.00 to $232.00 and gave the stock an "overweight" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, DICK'S Sporting Goods has a consensus rating of "Hold" and an average price target of $223.53.

DICK'S Sporting Goods Stock Up 2.3%

NYSE DKS traded up $4.08 during trading hours on Thursday, reaching $181.20. 2,424,845 shares of the company's stock traded hands, compared to its average volume of 1,270,788. The firm has a market cap of $14.47 billion, a PE ratio of 12.95, a PEG ratio of 2.47 and a beta of 1.16. 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, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The firm has a 50-day simple moving average of $188.97 and a 200 day simple moving average of $210.05.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.37. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. Sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.68%. DICK'S Sporting Goods's dividend payout ratio is currently 34.54%.

DICK'S Sporting Goods declared that its board has initiated a stock repurchase program on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the sporting goods retailer to buy up to 18.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.