DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec cut its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,915 shares of the sporting goods retailer's stock after selling 36,862 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.14% of DICK'S Sporting Goods worth $26,755,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in shares of DICK'S Sporting Goods during the fourth quarter worth $485,000. Marion Wealth Management acquired a new stake in shares of DICK'S Sporting Goods in the 4th quarter worth $545,000. Argus Investors Counsel Inc. purchased a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in shares of DICK'S Sporting Goods by 78.2% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer's stock worth $2,631,000 after acquiring an additional 5,046 shares during the period. Finally, Principal Securities Inc. raised its holdings in DICK'S Sporting Goods by 11.8% during the fourth quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock worth $821,000 after purchasing an additional 380 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DKS. Loop Capital dropped their target price on DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a research report on Thursday, March 13th. Citigroup reissued a "neutral" rating and issued a $220.00 target price (down previously from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Guggenheim reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Morgan Stanley raised their price objective on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Wedbush reaffirmed a "neutral" rating and issued a $215.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus price target of $241.61.

DICK'S Sporting Goods Trading Down 1.5 %

DKS traded down $2.87 during trading on Tuesday, hitting $186.90. The company's stock had a trading volume of 696,588 shares, compared to its average volume of 1,164,539. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The stock has a market cap of $14.92 billion, a PE ratio of 13.36, a PEG ratio of 2.47 and a beta of 1.16. The firm's 50 day moving average price is $195.51 and its 200-day moving average price 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 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the company posted $3.85 EPS. The company's quarterly revenue was up .5% compared to the same quarter last year. On average, analysts expect 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 of Directors has authorized a share repurchase plan 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 purchase up to 18.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.60%. DICK'S Sporting Goods's dividend payout ratio is currently 34.54%.

DICK'S Sporting Goods 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.