MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 1,436 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,999 shares of the sporting goods retailer's stock after buying an additional 1,436 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in DICK'S Sporting Goods were worth $4,805,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Avenue Securities LLC lifted its position in shares of DICK'S Sporting Goods by 24.0% in the 4th quarter. Park Avenue Securities LLC now owns 4,088 shares of the sporting goods retailer's stock valued at $936,000 after acquiring an additional 792 shares in the last quarter. Ritholtz Wealth Management purchased a new position in DICK'S Sporting Goods during the 4th quarter worth approximately $200,000. Arkadios Wealth Advisors raised its stake in DICK'S Sporting Goods by 82.8% during the 4th quarter. Arkadios Wealth Advisors now owns 7,494 shares of the sporting goods retailer's stock valued at $1,715,000 after purchasing an additional 3,395 shares during the period. HB Wealth Management LLC purchased a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at $317,000. Finally, Pine Haven Investment Counsel Inc purchased a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at $279,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of research reports. Truist Financial set a $245.00 price objective on DICK'S Sporting Goods in a research report on Tuesday, March 11th. Wall Street Zen raised shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. TD Cowen lowered shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective on the stock. in a research note on Thursday, May 15th. Finally, Citigroup reiterated a "neutral" rating and issued a $220.00 target price (down previously from $230.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, DICK'S Sporting Goods currently has an average rating of "Hold" and a consensus target price of $229.47.

DICK'S Sporting Goods Stock Performance

Shares of DKS stock traded down $3.35 during mid-day trading on Thursday, reaching $172.57. The stock had a trading volume of 2,057,043 shares, compared to its average volume of 1,247,903. The firm has a market cap of $13.78 billion, a PE ratio of 12.34, a P/E/G ratio of 2.47 and a beta of 1.16. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The firm's 50 day simple moving average is $191.32 and its 200 day simple moving average is $210.98.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.85 EPS. On average, analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods announced that its board has authorized a share repurchase plan on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

DICK'S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.81%. The ex-dividend date was Friday, March 28th. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio is 34.54%.

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.