Peak Retirement Planning Inc. Makes New $1.04 Million Investment in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Peak Retirement Planning Inc. acquired a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,521 shares of the sporting goods retailer's stock, valued at approximately $1,036,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DKS. XTX Topco Ltd bought a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth about $485,000. Argus Investors Counsel Inc. acquired a new stake in DICK'S Sporting Goods in the 4th quarter worth approximately $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in DICK'S Sporting Goods by 78.2% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer's stock worth $2,631,000 after purchasing an additional 5,046 shares during the period. Janus Henderson Group PLC grew its holdings in DICK'S Sporting Goods by 15.9% during the fourth quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock valued at $2,664,000 after purchasing an additional 1,594 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in 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 worth $821,000 after acquiring an additional 380 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

NYSE:DKS traded up $6.66 during trading hours on Tuesday, reaching $173.88. The company had a trading volume of 2,067,381 shares, compared to its average volume of 1,256,703. 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 market cap of $13.89 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 2.47 and a beta of 1.16. 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 firm's 50 day moving average price is $189.68 and its 200-day moving average price is $210.54.

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

DICK'S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.79%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date was Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.54%.

DICK'S Sporting Goods announced 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 repurchase up to 18.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have commented on DKS. Robert W. Baird reduced their price objective on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research report on Friday, May 16th. Loop Capital lowered their target price on shares of DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating on the stock in a report on Friday, May 16th. Gordon Haskett cut shares of DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price objective on the stock. in a research note on Friday, May 16th. Citigroup reissued a "neutral" rating and issued a $220.00 target price (down from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 price objective on shares of DICK'S Sporting Goods in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $229.47.

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.