AQR Capital Management LLC Has $41.08 Million Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

AQR Capital Management LLC lowered its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 29.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,508 shares of the sporting goods retailer's stock after selling 76,102 shares during the period. AQR Capital Management LLC owned approximately 0.22% of DICK'S Sporting Goods worth $41,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wealthfront Advisers LLC acquired a new stake in DICK'S Sporting Goods during the 4th quarter worth about $1,893,210,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of DICK'S Sporting Goods by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer's stock worth $427,056,000 after purchasing an additional 77,357 shares during the period. Geode Capital Management LLC grew its position in DICK'S Sporting Goods by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer's stock valued at $241,660,000 after purchasing an additional 15,011 shares in the last quarter. Norges Bank purchased a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $221,693,000. Finally, Dimensional Fund Advisors LP increased its stake in DICK'S Sporting Goods by 10.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer's stock valued at $201,768,000 after buying an additional 86,064 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Analysts Set New Price Targets

DKS has been the topic of several research analyst reports. StockNews.com cut shares of DICK'S Sporting Goods from a "hold" rating to a "sell" rating in a report on Tuesday, April 22nd. TD Cowen upped their target price on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Wedbush reaffirmed a "neutral" rating and set a $215.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 price target on shares of DICK'S Sporting Goods in a research note on Friday, March 14th. Finally, DA Davidson cut 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 report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $241.61.

DICK'S Sporting Goods Stock Performance

Shares of DICK'S Sporting Goods stock traded down $2.87 during midday trading on Tuesday, hitting $186.90. The company had a trading volume of 696,588 shares, compared to its average volume of 1,164,539. The stock has a market cap of $14.92 billion, a PE ratio of 13.36, a P/E/G ratio of 2.47 and a beta of 1.16. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The business's 50 day simple moving average is $195.51 and its two-hundred day simple moving average is $212.10. 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 posted 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 net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the firm posted $3.85 EPS. The business's revenue was up .5% compared to the same quarter last year. As a group, equities analysts predict 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. Stockholders of record on Friday, March 28th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, March 28th. 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 2.60%. DICK'S Sporting Goods's payout ratio is currently 34.54%.

DICK'S Sporting Goods announced that its board has authorized a share buyback program on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock buyback programs are usually a sign 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.