Janus Henderson Group PLC Buys 1,594 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Janus Henderson Group PLC increased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,640 shares of the sporting goods retailer’s stock after purchasing an additional 1,594 shares during the period. Janus Henderson Group PLC’s holdings in DICK’S Sporting Goods were worth $2,664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in DKS. New Wave Wealth Advisors LLC acquired a new stake in DICK’S Sporting Goods in the 4th quarter valued at approximately $28,000. Ancora Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $30,000. Sound Income Strategies LLC boosted its holdings in DICK’S Sporting Goods by 590.0% during the fourth 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 last quarter. Finally, Bessemer Group Inc. grew its position in DICK’S Sporting Goods by 108.6% in the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer’s stock valued at $33,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 0.1%

NYSE DKS opened at $182.67 on Wednesday. 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 company has a market cap of $14.59 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 2.47 and a beta of 1.16. The company has a 50 day moving average of $191.70 and a 200-day moving average of $211.22. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced 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 firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.85 EPS. On average, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods announced that its board has authorized a stock repurchase 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 repurchase up to 18.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are 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 is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend was Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 34.54%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DKS shares. DA Davidson restated a “buy” rating and set a $273.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, May 16th. Wells Fargo & Company increased their price target on DICK’S Sporting Goods from $171.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. TD Cowen lowered DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $216.00 price target on the stock. in a research report on Thursday, May 15th. Morgan Stanley upped their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Finally, Barclays set a $217.00 target price on shares of DICK’S Sporting Goods in a research note on Friday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $229.47.

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.