GAMMA Investing LLC Buys New Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS)

GAMMA Investing LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 646 shares of the sporting goods retailer’s stock, valued at approximately $96,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in DICK’S Sporting Goods by 9,735.6% in the third quarter. Victory Capital Management Inc. now owns 2,239,273 shares of the sporting goods retailer’s stock valued at $243,140,000 after buying an additional 2,216,506 shares during the period. Pacer Advisors Inc. increased its stake in DICK’S Sporting Goods by 4.5% in the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock valued at $120,102,000 after purchasing an additional 34,942 shares in the last quarter. AQR Capital Management LLC increased its stake in DICK’S Sporting Goods by 145.0% in the third quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock valued at $85,722,000 after purchasing an additional 467,243 shares in the last quarter. Barclays PLC increased its stake in DICK’S Sporting Goods by 148.3% in the third quarter. Barclays PLC now owns 592,991 shares of the sporting goods retailer’s stock valued at $64,388,000 after purchasing an additional 354,217 shares in the last quarter. Finally, Northern Trust Corp increased its stake in DICK’S Sporting Goods by 4.4% in the third quarter. Northern Trust Corp now owns 552,639 shares of the sporting goods retailer’s stock valued at $60,006,000 after purchasing an additional 23,258 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $207.12 on Monday. The stock has a market capitalization of $17.08 billion, a P/E ratio of 17.00, a PEG ratio of 2.51 and a beta of 1.58. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $198.51 and its 200 day moving average is $156.96. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. DICK’S Sporting Goods’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.93 EPS. On average, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s dividend payout ratio is 36.12%.

Insider Buying and Selling

In related news, CEO Lauren R. Hobart sold 40,167 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the sale, the chief executive officer now owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total value of $8,995,399.65. Following the transaction, the chief executive officer now owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the transaction, the senior vice president now directly owns 11,051 shares in the company, valued at approximately $2,450,890.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,763 shares of company stock valued at $46,483,438. Company insiders own 30.79% of the company’s stock.

Analysts Set New Price Targets

DKS has been the subject of several research analyst reports. Truist Financial lifted their price target on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Stifel Nicolaus lifted their price target on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, March 15th. Williams Trading raised shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and boosted their target price for the stock from $154.00 to $235.00 in a research report on Thursday, March 14th. Telsey Advisory Group boosted their target price on shares of DICK’S Sporting Goods from $160.00 to $195.00 and gave the stock an “outperform” rating in a research report on Monday, March 11th. Finally, Jefferies Financial Group assumed coverage on shares of DICK’S Sporting Goods in a research report on Friday, April 12th. They set a “hold” rating and a $211.00 target price for the company. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $208.64.

DICK’S Sporting Goods Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.