Marshall Wace LLP Has $10.79 Million Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Marshall Wace LLP lessened its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 70.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,160 shares of the sporting goods retailer's stock after selling 113,301 shares during the quarter. Marshall Wace LLP owned 0.06% of DICK'S Sporting Goods worth $10,792,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC purchased a new position in DICK'S Sporting Goods in the 4th quarter valued at approximately $1,893,210,000. Norges Bank acquired a new stake in DICK'S Sporting Goods in the 4th quarter valued at about $221,693,000. Wellington Management Group LLP purchased a new position in DICK'S Sporting Goods during the 4th quarter valued at about $125,285,000. KBC Group NV raised its position in DICK'S Sporting Goods by 86.8% during the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock worth $107,043,000 after acquiring an additional 217,390 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $23,791,000. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of NYSE:DKS traded down $1.52 on Friday, hitting $187.99. The company's stock had a trading volume of 586,396 shares, compared to its average volume of 1,164,123. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The stock's 50-day moving average is $199.77 and its two-hundred day moving average is $212.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 13.44, 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 for the quarter, beating the consensus estimate of $3.47 by $0.15. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $3.85 earnings per share. On average, equities research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods announced that its board has initiated a stock buyback plan on Tuesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors 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. Stockholders of record on Friday, March 28th were issued a $1.2125 dividend. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date was Friday, March 28th. This represents a $4.85 annualized dividend and a dividend yield of 2.58%. DICK'S Sporting Goods's payout ratio is 34.54%.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of recent research reports. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Morgan Stanley lifted their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Robert W. Baird decreased their target price on shares of DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Citigroup reaffirmed a "neutral" rating and set a $220.00 price target (down previously from $230.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Finally, Truist Financial set a $245.00 price objective on shares of DICK'S Sporting Goods in a research note on Tuesday, March 11th. One equities 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $244.72.

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.