Voya Investment Management LLC Has $2.73 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Voya Investment Management LLC lessened its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 45.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,920 shares of the sporting goods retailer's stock after selling 9,889 shares during the quarter. Voya Investment Management LLC's holdings in DICK'S Sporting Goods were worth $2,728,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Burling Wealth Partners LLC acquired a new stake in DICK'S Sporting Goods during the 4th quarter worth approximately $1,601,000. Cartenna Capital LP purchased a new position in DICK'S Sporting Goods in the 4th quarter valued at approximately $27,031,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of DICK'S Sporting Goods during the 4th quarter worth $4,920,000. Coppell Advisory Solutions LLC lifted its holdings in shares of DICK'S Sporting Goods by 74.2% in the fourth quarter. Coppell Advisory Solutions LLC now owns 310 shares of the sporting goods retailer's stock valued at $72,000 after purchasing an additional 132 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in DICK'S Sporting Goods by 31.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 159,424 shares of the sporting goods retailer's stock valued at $36,483,000 after buying an additional 38,564 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Analysts Set New Price Targets

DKS has been the topic of a number of research reports. Robert W. Baird cut their price objective on DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Wedbush reissued a "neutral" rating and issued a $215.00 price objective on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Telsey Advisory Group restated an "outperform" rating and set a $250.00 price objective on shares of DICK'S Sporting Goods in a research report on Friday, March 14th. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Stifel Nicolaus decreased their price objective on 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $241.61.

DICK'S Sporting Goods Trading Down 1.5 %

Shares of NYSE:DKS traded down $2.87 during mid-day trading on Tuesday, hitting $186.90. The company had a trading volume of 696,588 shares, compared to its average volume of 1,164,536. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The company has a market capitalization of $14.92 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. The firm has a fifty day moving average price of $195.51 and a 200 day moving average price of $212.10. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating the consensus estimate of $3.47 by $0.15. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the business posted $3.85 EPS. The firm's revenue for the quarter was up .5% compared to the same quarter last year. As a group, research analysts forecast 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 buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $1.2125 dividend. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio (DPR) 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.