Ameriprise Financial Inc. Sells 8,431 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Ameriprise Financial Inc. cut its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,433 shares of the sporting goods retailer's stock after selling 8,431 shares during the quarter. Ameriprise Financial Inc. owned about 0.09% of DICK'S Sporting Goods worth $17,262,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new position in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $28,000. PDT Partners LLC bought a new stake in DICK'S Sporting Goods during the fourth quarter worth about $458,000. Masterton Capital Management LP bought a new stake in DICK'S Sporting Goods during the fourth quarter worth about $4,119,000. Candlestick Capital Management LP bought a new stake in DICK'S Sporting Goods during the fourth quarter worth about $41,354,000. Finally, Northern Trust Corp boosted its stake in DICK'S Sporting Goods by 27.9% during the fourth quarter. Northern Trust Corp now owns 594,995 shares of the sporting goods retailer's stock worth $136,159,000 after acquiring an additional 129,783 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded down $1.22 during midday trading on Monday, reaching $182.80. 2,180,461 shares of the company traded hands, compared to its average volume of 1,235,457. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. The business has a 50 day moving average of $191.78 and a two-hundred day moving average of $211.42. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data 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. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the company posted $3.85 earnings per share. DICK'S Sporting Goods's revenue was up .5% compared to the same quarter last year. As a group, research analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods declared that its board has authorized a share repurchase plan on Tuesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board 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 an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date was Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a yield of 2.65%. DICK'S Sporting Goods's dividend payout ratio is currently 34.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DKS shares. Loop Capital dropped their price objective on shares of DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating on the stock in a research note on Friday. Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 target price on shares of DICK'S Sporting Goods in a research note on Thursday. Argus increased their target price on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Gordon Haskett cut DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 target price on the stock. in a research note on Friday. Finally, Robert W. Baird cut their target price on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, DICK'S Sporting Goods has an average rating of "Hold" and a consensus target price of $229.47.

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.