Orion Portfolio Solutions LLC Increases Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Orion Portfolio Solutions LLC boosted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,429 shares of the sporting goods retailer’s stock after acquiring an additional 587 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in DICK’S Sporting Goods were worth $1,929,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DKS. New Wave Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth $28,000. Rialto Wealth Management LLC purchased a new position in DICK’S Sporting Goods in the 4th quarter valued at about $30,000. Sound Income Strategies LLC grew its stake in shares of 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 valued at $32,000 after acquiring an additional 118 shares in the last quarter. Promus Capital LLC purchased a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth about $48,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter worth about $55,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Buying and Selling

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction that occurred on 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 owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DKS shares. TD Cowen raised their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a report on Friday, March 14th. DA Davidson reduced their price objective on shares of DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley upped their target price on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, Citigroup reiterated a “neutral” rating and issued a $220.00 price target (down from $230.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.50.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $211.53 on Thursday. The company has a 50-day moving average price of $221.61 and a two-hundred day moving average price of $216.45. DICK’S Sporting Goods, Inc. has a 52 week low of $182.84 and a 52 week high of $254.60. The stock has a market cap of $17.23 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. 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 (NYSE:DKS) last issued its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.15. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm posted $3.85 earnings per share. The business’s revenue was up .5% on a year-over-year basis. Analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

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

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.29%. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 34.54%.

DICK’S Sporting Goods Company 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.