Town & Country Bank & Trust CO dba First Bankers Trust CO Raises Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,968 shares of the sporting goods retailer's stock after purchasing an additional 2,473 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in DICK'S Sporting Goods were worth $2,815,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in DICK'S Sporting Goods by 8.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,330 shares of the sporting goods retailer's stock worth $4,195,000 after acquiring an additional 1,353 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in DICK'S Sporting Goods during the 4th quarter worth $232,000. PFG Investments LLC purchased a new position in DICK'S Sporting Goods during the 4th quarter worth $224,000. Blue Trust Inc. boosted its holdings in DICK'S Sporting Goods by 47.6% during the 4th quarter. Blue Trust Inc. now owns 1,473 shares of the sporting goods retailer's stock worth $307,000 after acquiring an additional 475 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in DICK'S Sporting Goods by 21.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 98,683 shares of the sporting goods retailer's stock worth $22,583,000 after acquiring an additional 17,430 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded up $1.86 during midday trading on Tuesday, reaching $178.34. The stock had a trading volume of 405,803 shares, compared to its average volume of 1,247,455. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $14.24 billion, a PE ratio of 12.75, a P/E/G ratio of 2.47 and a beta of 1.16. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The firm's 50-day moving average price is $187.29 and its 200 day moving average price is $209.81.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its 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 business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. As a group, research analysts predict 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 of Directors has approved a stock buyback program on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

DICK'S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Friday, June 13th. DICK'S Sporting Goods's payout ratio is presently 34.69%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DKS shares. Robert W. Baird cut their price objective on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a report on Friday, May 16th. Loop Capital lowered 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 note on Friday, May 16th. JPMorgan Chase & Co. lowered their target price on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. UBS Group lowered their target price on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Finally, Truist Financial set a $230.00 target price on DICK'S Sporting Goods in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $220.11.

About DICK'S Sporting Goods

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.