DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina raised its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,848 shares of the sporting goods retailer's stock after buying an additional 5,966 shares during the quarter. Treasurer of the State of North Carolina owned about 0.07% of DICK'S Sporting Goods worth $12,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marion Wealth Management acquired a new stake in DICK'S Sporting Goods during the 4th quarter valued at approximately $545,000. Argus Investors Counsel Inc. acquired a new position in DICK'S Sporting Goods during the fourth quarter valued at $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted 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 valued at $2,631,000 after purchasing an additional 5,046 shares during the period. Principal Securities Inc. boosted its holdings in DICK'S Sporting Goods by 11.8% in the fourth quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock valued at $821,000 after purchasing an additional 380 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in DICK'S Sporting Goods by 15.1% during the 4th quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer's stock worth $491,000 after purchasing an additional 281 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on DKS. Citigroup reiterated a "neutral" rating and issued a $220.00 target price (down from $230.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Wedbush restated a "neutral" rating and issued a $215.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Loop Capital lowered their price target on DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a research report on Thursday, March 13th. Finally, Morgan Stanley boosted their price objective on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $244.72.

DICK'S Sporting Goods Stock Performance

Shares of DICK'S Sporting Goods stock traded up $4.68 on Friday, hitting $185.33. The stock had a trading volume of 643,811 shares, compared to its average volume of 1,155,366. The company's 50 day moving average price is $206.44 and its 200 day moving average price is $213.79. The stock has a market cap of $14.80 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 2.47 and a beta of 1.32. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.15. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.85 earnings per share. On average, research analysts anticipate 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 program on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

DICK'S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $1.2125 per share. The ex-dividend date was Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.62%. 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 (DPR) is currently 34.54%.

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.