Boothbay Fund Management LLC Acquires 53,738 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Boothbay Fund Management LLC increased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 828.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,223 shares of the sporting goods retailer’s stock after purchasing an additional 53,738 shares during the period. Boothbay Fund Management LLC’s holdings in DICK’S Sporting Goods were worth $13,781,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DKS. Greenleaf Trust lifted its stake in DICK’S Sporting Goods by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock worth $394,000 after purchasing an additional 50 shares during the last quarter. Independent Advisor Alliance lifted its stake in shares of DICK’S Sporting Goods by 5.4% in the 4th quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer’s stock valued at $235,000 after acquiring an additional 53 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of DICK’S Sporting Goods by 2.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock valued at $577,000 after acquiring an additional 54 shares during the last quarter. Stonegate Investment Group LLC boosted its holdings in DICK’S Sporting Goods by 2.9% during the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock valued at $473,000 after acquiring an additional 58 shares during the period. Finally, IFP Advisors Inc grew its position in DICK’S Sporting Goods by 9.4% during the 4th quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer’s stock worth $176,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the subject of a number of analyst reports. Truist Financial set a $245.00 price objective on DICK’S Sporting Goods in a research note on Tuesday, March 11th. DA Davidson cut their price target on shares of DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Citigroup reaffirmed a “neutral” rating and set a $220.00 price objective (down from $230.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Guggenheim reissued a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus lowered their price target on DICK’S Sporting Goods from $226.00 to $192.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.72.

DICK’S Sporting Goods Price Performance

DKS stock opened at $187.99 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The firm has a market capitalization of $15.01 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 2.47 and a beta of 1.32. The firm has a 50 day moving average price of $199.77 and a 200-day moving average price of $212.83. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping the consensus estimate of $3.47 by $0.15. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.85 earnings per share. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $1.2125 per share. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 34.54%.

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

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.