Landscape Capital Management L.L.C. Sells 13,026 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Landscape Capital Management L.L.C. lowered its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 84.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,318 shares of the sporting goods retailer’s stock after selling 13,026 shares during the period. Landscape Capital Management L.L.C.’s holdings in DICK’S Sporting Goods were worth $530,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DKS. New Wave Wealth Advisors LLC purchased a new position in shares of DICK’S Sporting Goods in the 4th quarter worth about $28,000. Rialto Wealth Management LLC purchased a new position in DICK’S Sporting Goods in the fourth quarter valued at about $30,000. Sound Income Strategies LLC grew its position in shares of DICK’S Sporting Goods by 590.0% during the 4th 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 during the period. Promus Capital LLC purchased a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $48,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth approximately $55,000. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the subject of a number of recent research reports. Citigroup reissued a “neutral” rating and issued a $220.00 target price (down from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Stifel Nicolaus decreased their price objective on DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating for the company in a report on Wednesday, March 12th. DA Davidson dropped 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 report on Wednesday, March 12th. TD Cowen lifted their target price on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Truist Financial set a $245.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, March 11th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average price target of $245.50.

Insider Activity

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $182.63 on Monday. 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 stock has a 50-day moving average price of $219.03 and a 200-day moving average price of $216.07. The company has a market cap of $14.58 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32. DICK’S Sporting Goods, Inc. has a 12-month low of $168.22 and a 12-month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.76 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.85 EPS. As a group, equities analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $1.2125 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio is presently 34.54%.

DICK’S Sporting Goods declared that its board has initiated a stock repurchase program on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

About DICK’S Sporting Goods

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.