Dimensional Fund Advisors LP Purchases 86,064 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Dimensional Fund Advisors LP lifted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 881,620 shares of the sporting goods retailer's stock after purchasing an additional 86,064 shares during the period. Dimensional Fund Advisors LP owned about 1.08% of DICK'S Sporting Goods worth $201,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC bought a new position in shares of DICK'S Sporting Goods during the fourth quarter valued at $1,893,210,000. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 77,357 shares during the last quarter. Geode Capital Management LLC lifted its holdings in DICK'S Sporting Goods by 1.4% during 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 buying an additional 15,011 shares during the period. Norges Bank acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $221,693,000. Finally, JPMorgan Chase & Co. raised 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 worth $149,396,000 after acquiring an additional 31,919 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DKS. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. StockNews.com cut shares of DICK'S Sporting Goods from a "hold" rating to a "sell" rating in a research report on Tuesday, April 22nd. Citigroup reissued a "neutral" rating and set a $220.00 target price (down previously from $230.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Loop Capital cut 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 research report on Thursday, March 13th. Finally, Morgan Stanley lifted their price objective on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $244.72.

DICK'S Sporting Goods Stock Up 0.9 %

Shares of NYSE:DKS traded up $1.77 during trading on Monday, reaching $189.54. 267,169 shares of the stock were exchanged, compared to its average volume of 1,160,638. The stock has a fifty day moving average of $199.77 and a two-hundred day moving average of $212.98. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. 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 firm has a market cap of $15.14 billion, a price-to-earnings ratio of 13.52, 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 released its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.15. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business's revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.85 earnings per share. Research 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 initiated a stock buyback plan on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

DICK'S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $1.2125 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.56%. DICK'S Sporting Goods's dividend payout ratio is 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.