denkapparat Operations GmbH Makes New Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

denkapparat Operations GmbH acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, HoldingsChannel reports. The firm acquired 942 shares of the sporting goods retailer’s stock, valued at approximately $216,000.

Several other institutional investors have also bought and sold shares of the stock. Cerity Partners LLC raised its position in shares of DICK’S Sporting Goods by 108.5% during the 3rd quarter. Cerity Partners LLC now owns 14,647 shares of the sporting goods retailer’s stock worth $3,057,000 after buying an additional 7,621 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in DICK’S Sporting Goods by 9.8% during the third quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the sporting goods retailer’s stock worth $939,000 after purchasing an additional 400 shares in the last quarter. Brooklyn Investment Group acquired a new stake in DICK’S Sporting Goods in the third quarter worth approximately $27,000. BNP Paribas Financial Markets boosted its stake in DICK’S Sporting Goods by 0.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 51,795 shares of the sporting goods retailer’s stock valued at $10,810,000 after purchasing an additional 259 shares in the last quarter. Finally, Townsquare Capital LLC boosted its stake in DICK’S Sporting Goods by 9.2% during the 3rd quarter. Townsquare Capital LLC now owns 1,298 shares of the sporting goods retailer’s stock valued at $271,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 3.8 %

NYSE DKS opened at $202.09 on Friday. 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 1-year low of $182.84 and a 1-year high of $254.60. The firm’s fifty day simple moving average is $223.19 and its 200-day simple moving average is $216.50. The company has a market capitalization of $16.47 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.15. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.85 EPS. As a group, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.40%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 28th. DICK’S Sporting Goods’s payout ratio is currently 34.54%.

DICK’S Sporting Goods announced that its Board of Directors has authorized a share buyback program on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DKS. Robert W. Baird cut their price objective on DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Stifel Nicolaus reduced their price objective on shares of DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating for the company in a research report on Wednesday, March 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a report on Friday, March 14th. Loop Capital cut their target price on shares of DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating for the company in a research note on Thursday, March 13th. Finally, Morgan Stanley lifted their price target on shares of 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. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus target price of $245.50.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock worth $39,655,456 in the last 90 days. 32.03% of the stock is owned by insiders.

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.