XTX Topco Ltd Invests $485,000 in DICK'S Sporting Goods, Inc. (NYSE:DKS)

XTX Topco Ltd acquired a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,121 shares of the sporting goods retailer's stock, valued at approximately $485,000.

A number of other institutional investors also recently bought and sold shares of DKS. World Investment Advisors LLC acquired a new position in DICK'S Sporting Goods in the third quarter valued at $211,000. Wilmington Savings Fund Society FSB bought a new stake in shares of DICK'S Sporting Goods in the 3rd quarter valued at approximately $140,000. Tidal Investments LLC raised its stake in DICK'S Sporting Goods by 47.3% during the third quarter. Tidal Investments LLC now owns 7,597 shares of the sporting goods retailer's stock worth $1,585,000 after acquiring an additional 2,441 shares during the period. Retirement Systems of Alabama increased its position in DICK'S Sporting Goods by 13.3% in the third quarter. Retirement Systems of Alabama now owns 126,800 shares of the sporting goods retailer's stock worth $26,463,000 after buying an additional 14,934 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in DICK'S Sporting Goods during the 4th quarter valued at about $350,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Price Performance

NYSE DKS traded down $2.20 during trading on Friday, reaching $187.32. The company's stock had a trading volume of 145,467 shares, compared to its average volume of 1,157,684. 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 debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock has a market capitalization of $14.96 billion, a PE ratio of 13.39, a P/E/G ratio of 2.47 and a beta of 1.32. The firm has a fifty day moving average of $200.71 and a 200 day moving average of $212.95.

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. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter in the prior year, the company earned $3.85 earnings per share. The business's revenue was up .5% compared to the same quarter last year. Analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, March 28th. 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 dividend yield of 2.59%. DICK'S Sporting Goods's payout ratio is currently 34.54%.

DICK'S Sporting Goods declared that its Board of Directors has approved a share repurchase program on Tuesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com cut DICK'S Sporting Goods from a "hold" rating to a "sell" rating in a report on Tuesday. DA Davidson reduced their target price on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Wedbush reissued a "neutral" rating and issued a $215.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Citigroup reiterated a "neutral" rating and set a $220.00 price target (down from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Argus upped their target price on 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 issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average 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.