Guggenheim Capital LLC Cuts Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Guggenheim Capital LLC trimmed its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 20.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,345 shares of the sporting goods retailer's stock after selling 1,899 shares during the quarter. Guggenheim Capital LLC's holdings in DICK'S Sporting Goods were worth $1,681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC purchased a new position in shares of DICK'S Sporting Goods during the fourth quarter valued at approximately $1,893,210,000. Charles Schwab Investment Management Inc. boosted its holdings in DICK'S Sporting Goods by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer's stock worth $427,056,000 after acquiring an additional 77,357 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of DICK'S Sporting Goods by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer's stock worth $241,660,000 after acquiring an additional 15,011 shares in the last quarter. Norges Bank purchased a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $221,693,000. Finally, JPMorgan Chase & Co. lifted its position in shares of DICK'S Sporting Goods by 5.1% during the fourth quarter. JPMorgan Chase & Co. now owns 652,838 shares of the sporting goods retailer's stock valued at $149,396,000 after purchasing an additional 31,919 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

DKS has been the subject of a number of recent analyst reports. Loop Capital reduced their price objective on shares of DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating for the company in a research report on Thursday, March 13th. DA Davidson decreased their price target on DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Argus boosted their price objective on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. TD Cowen upped their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Finally, Wedbush reiterated a "neutral" rating and set a $215.00 target price on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. One research 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $244.72.

DICK'S Sporting Goods Price Performance

NYSE DKS traded down $2.29 on Friday, hitting $187.22. The stock had a trading volume of 162,616 shares, compared to its average volume of 1,157,722. The firm has a 50-day moving average of $200.71 and a 200-day moving average of $212.95. 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, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a market capitalization of $14.95 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $0.15. The company 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 earnings per share. Equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods declared that its board has authorized a stock buyback program on Tuesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The firm 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. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. 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 2.59%. DICK'S Sporting Goods's payout ratio is presently 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.