Stifel Financial Corp Purchases 11,127 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Stifel Financial Corp lifted its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 126.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,918 shares of the sporting goods retailer's stock after acquiring an additional 11,127 shares during the quarter. Stifel Financial Corp's holdings in DICK'S Sporting Goods were worth $4,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of DKS. New Wave Wealth Advisors LLC acquired a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at $28,000. Rialto Wealth Management LLC acquired a new position in DICK'S Sporting Goods in the 4th quarter valued at $30,000. Sound Income Strategies LLC increased its position in DICK'S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after purchasing an additional 118 shares during the period. Bessemer Group Inc. grew its stake in shares of DICK'S Sporting Goods by 108.6% during the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after purchasing an additional 76 shares during the period. Finally, Promus Capital LLC purchased a new position in DICK'S Sporting Goods in the 4th quarter valued at approximately $48,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

NYSE:DKS traded up $6.52 during midday trading on Friday, hitting $193.87. 897,675 shares of the stock were exchanged, compared to its average volume of 1,167,904. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. 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 has a 50-day moving average price of $196.26 and a two-hundred day moving average price of $212.32. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 2.47 and a beta of 1.32.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.15. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.85 EPS. Sell-side analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods announced that its Board of Directors has approved a share 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 purchase up to 18.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.50%. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.54%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley lifted their price objective on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Truist Financial set a $245.00 price target on shares of DICK'S Sporting Goods in a report on Tuesday, March 11th. DA Davidson decreased their price target on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 price objective on shares of DICK'S Sporting Goods in a report on Friday, March 14th. Finally, Argus boosted their target price on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. One 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $241.61.

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.