DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Nilsine Partners LLC

Nilsine Partners LLC lifted its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 9.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,721 shares of the sporting goods retailer's stock after purchasing an additional 1,975 shares during the quarter. Nilsine Partners LLC's holdings in DICK'S Sporting Goods were worth $4,580,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PFG Investments LLC boosted its holdings in DICK'S Sporting Goods by 13.6% in the first quarter. PFG Investments LLC now owns 1,111 shares of the sporting goods retailer's stock valued at $224,000 after acquiring an additional 133 shares during the last quarter. Advisor Resource Council acquired a new position in DICK'S Sporting Goods in the first quarter valued at $1,339,000. Avior Wealth Management LLC boosted its holdings in DICK'S Sporting Goods by 68.2% in the first quarter. Avior Wealth Management LLC now owns 2,007 shares of the sporting goods retailer's stock valued at $405,000 after acquiring an additional 814 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in DICK'S Sporting Goods by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 6,784 shares of the sporting goods retailer's stock valued at $1,367,000 after acquiring an additional 185 shares during the last quarter. Finally, Wendell David Associates Inc. boosted its holdings in DICK'S Sporting Goods by 8.9% in the first quarter. Wendell David Associates Inc. now owns 8,533 shares of the sporting goods retailer's stock valued at $1,720,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DKS. Wedbush reiterated a "neutral" rating and issued a $215.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. UBS Group cut their price objective on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. DA Davidson cut their price objective on DICK'S Sporting Goods from $273.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Wall Street Zen raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Finally, TD Cowen lowered DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective on the stock. in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $220.11.

DICK'S Sporting Goods Stock Down 0.3%

Shares of DICK'S Sporting Goods stock opened at $173.64 on Friday. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49. The firm has a market cap of $13.90 billion, a P/E ratio of 12.42, a P/E/G ratio of 2.48 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The business has a 50-day moving average price of $183.45 and a 200 day moving average price of $206.98.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.37. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. On average, sell-side analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $1.2125 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.79%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

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.

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