Farringdon Capital Ltd. Buys Shares of 2,431 DICK'S Sporting Goods, Inc. (NYSE:DKS)

Farringdon Capital Ltd. acquired a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,431 shares of the sporting goods retailer's stock, valued at approximately $556,000.

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

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS traded up $6.20 during mid-day trading on Wednesday, reaching $187.01. 605,996 shares of the company were exchanged, compared to its average volume of 1,157,295. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The stock has a market capitalization of $14.93 billion, a P/E ratio of 13.37, a P/E/G ratio of 2.47 and a beta of 1.32. The company's 50-day simple moving average is $202.75 and its 200-day simple moving average is $213.26. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

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 during the quarter, compared to analysts' expectations of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.85 earnings per share. As a group, research analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods announced that its board has initiated a stock repurchase program 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 repurchase up to 18.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors 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 2.59%. DICK'S Sporting Goods's dividend payout ratio is 34.54%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DKS shares. Wedbush restated a "neutral" rating and set a $215.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. StockNews.com cut shares of DICK'S Sporting Goods from a "hold" rating to a "sell" rating in a report on Tuesday. Citigroup restated a "neutral" rating and set a $220.00 price objective (down from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Stifel Nicolaus lowered their target price on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, DA Davidson reduced their price objective 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. 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $244.72.

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.