MetLife Investment Management LLC Raises Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

MetLife Investment Management LLC boosted its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,799 shares of the sporting goods retailer's stock after buying an additional 2,664 shares during the period. MetLife Investment Management LLC's holdings in DICK'S Sporting Goods were worth $7,506,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Wealthfront Advisers LLC purchased a new stake in DICK'S Sporting Goods in the fourth quarter valued at approximately $1,893,210,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of DICK'S Sporting Goods by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer's stock worth $427,056,000 after acquiring an additional 77,357 shares during the last quarter. Geode Capital Management LLC grew its position in DICK'S Sporting Goods by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer's stock worth $241,660,000 after acquiring an additional 15,011 shares in the last quarter. Norges Bank bought a new position in DICK'S Sporting Goods in the fourth quarter valued at $221,693,000. Finally, Dimensional Fund Advisors LP raised its position in DICK'S Sporting Goods by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer's stock valued at $201,768,000 after purchasing an additional 86,064 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK'S Sporting Goods Stock Up 1.1 %

NYSE:DKS traded up $1.98 during trading hours on Monday, reaching $189.75. 292,222 shares of the company traded hands, compared to its average volume of 1,160,710. 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 $199.77 and its two-hundred day moving average price is $212.98. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The stock has a market capitalization of $15.15 billion, a P/E ratio of 13.57, a P/E/G ratio of 2.47 and a beta of 1.32.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced 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. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $3.85 EPS. Analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods announced that its Board of Directors has approved a share 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 stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $1.2125 per share. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio is currently 34.54%.

Analyst Ratings Changes

DKS has been the topic of a number of research reports. Stifel Nicolaus decreased their price objective on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. DA Davidson lowered their price objective on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Guggenheim reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Truist Financial set a $245.00 price target on shares of DICK'S Sporting Goods in a research note on Tuesday, March 11th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $250.00 price objective on shares of DICK'S Sporting Goods in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $244.72.

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.