CSM Advisors LLC Sells 1,600 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

CSM Advisors LLC lowered its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,641 shares of the sporting goods retailer's stock after selling 1,600 shares during the period. DICK'S Sporting Goods makes up approximately 1.1% of CSM Advisors LLC's holdings, making the stock its 28th biggest position. CSM Advisors LLC owned about 0.09% of DICK'S Sporting Goods worth $17,078,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DKS. New Wave Wealth Advisors LLC bought a new position in DICK'S Sporting Goods in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new stake in DICK'S Sporting Goods in the fourth quarter worth approximately $30,000. Sound Income Strategies LLC boosted its holdings in shares of DICK'S Sporting Goods by 590.0% during the fourth 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 during the period. Bessemer Group Inc. boosted its stake in DICK'S Sporting Goods by 108.6% during the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after acquiring an additional 76 shares in the last quarter. Finally, Promus Capital LLC purchased a new stake in DICK'S Sporting Goods during the 4th quarter valued at $48,000. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of NYSE:DKS traded up $1.05 during trading on Monday, reaching $188.82. The stock had a trading volume of 391,380 shares, compared to its average volume of 1,161,134. The stock has a fifty day simple moving average of $199.77 and a two-hundred day simple moving average of $212.98. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $15.08 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 2.47 and a beta of 1.32.

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. The business 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 firm's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $3.85 EPS. As a group, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are 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 given a dividend of $1.2125 per share. The ex-dividend date was Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a yield of 2.57%. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio is 34.54%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley increased their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Robert W. Baird dropped their price objective on shares of DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. StockNews.com cut DICK'S Sporting Goods from a "hold" rating to a "sell" rating in a research note on Tuesday, April 22nd. Citigroup reaffirmed 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. Finally, Loop Capital reduced their price target on shares of DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $244.72.

DICK'S Sporting Goods Company 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.