Price T Rowe Associates Inc. MD Has $50.94 Million Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Price T Rowe Associates Inc. MD increased its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,582 shares of the sporting goods retailer's stock after acquiring an additional 4,075 shares during the period. Price T Rowe Associates Inc. MD owned about 0.27% of DICK'S Sporting Goods worth $50,936,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. XTX Topco Ltd acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter worth $485,000. Marion Wealth Management acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at about $545,000. Argus Investors Counsel Inc. acquired a new stake in DICK'S Sporting Goods during the fourth quarter valued at approximately $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in DICK'S Sporting Goods by 78.2% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer's stock valued at $2,631,000 after buying an additional 5,046 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of DICK'S Sporting Goods by 11.8% in the 4th quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock valued at $821,000 after purchasing an additional 380 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded up $6.52 during midday trading on Friday, reaching $193.87. The stock had a trading volume of 897,675 shares, compared to its average volume of 1,167,904. The firm has a market cap of $15.48 billion, a PE ratio of 13.86, a P/E/G ratio of 2.47 and a beta of 1.32. The firm has a 50 day simple moving average of $196.26 and a 200-day simple moving average of $212.32. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.15. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $3.85 EPS. As a group, sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods declared that its board has approved a share repurchase 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 repurchase up to 18.5% of its shares through open market purchases. Shares buyback programs are usually 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. Stockholders 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 represents a $4.85 dividend on an annualized basis and a dividend yield of 2.50%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DKS shares. Wedbush restated a "neutral" rating and set a $215.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Guggenheim reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Citigroup reiterated a "neutral" rating and issued a $220.00 price objective (down previously from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Stifel Nicolaus cut their target price on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company dropped their price target on DICK'S Sporting Goods from $205.00 to $171.00 and set an "equal weight" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and a consensus price target of $241.61.

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.