Brevan Howard Capital Management LP Purchases 2,005 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Brevan Howard Capital Management LP grew its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,831 shares of the sporting goods retailer's stock after acquiring an additional 2,005 shares during the quarter. Brevan Howard Capital Management LP's holdings in DICK'S Sporting Goods were worth $2,479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. New Wave Wealth Advisors LLC acquired a new stake in DICK'S Sporting Goods during the fourth quarter worth approximately $28,000. Ancora Advisors LLC bought a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at $28,000. Rialto Wealth Management LLC acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth $30,000. Sound Income Strategies LLC grew its holdings 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 worth $32,000 after purchasing an additional 118 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of DICK'S Sporting Goods by 108.6% in the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DKS. Citigroup reiterated 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. Stifel Nicolaus lowered their price objective on shares of 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. Wells Fargo & Company cut their target price on DICK'S Sporting Goods from $205.00 to $171.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Argus lifted their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley upped their price objective on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and a consensus price target of $241.61.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $186.90 on Wednesday. The firm has a market cap of $14.92 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The firm's fifty day moving average is $194.81 and its 200-day moving average is $211.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced 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 firm 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 business's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.85 EPS. Sell-side analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $1.2125 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's payout ratio is 34.54%.

DICK'S Sporting Goods declared that its Board of Directors has authorized a share repurchase program on Tuesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the sporting goods retailer to buy up to 18.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership 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.

Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.