DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 264.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 76,610 shares of the sporting goods retailer's stock after buying an additional 55,578 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.10% of DICK'S Sporting Goods worth $14,122,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wealthfront Advisers LLC acquired a new stake in DICK'S Sporting Goods during the fourth quarter worth about $1,893,210,000. Charles Schwab Investment Management Inc. raised its position in shares of 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 period. Geode Capital Management LLC lifted its holdings in shares of DICK'S Sporting Goods by 1.4% in 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 purchasing an additional 15,011 shares during the last quarter. Norges Bank bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter worth approximately $221,693,000. Finally, Dimensional Fund Advisors LP boosted its position in DICK'S Sporting Goods by 10.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer's stock valued at $201,768,000 after purchasing an additional 86,064 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DKS shares. Barclays raised their target price on DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a research note on Thursday, May 29th. Wedbush reiterated a "neutral" rating and issued a $215.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Gordon Haskett cut shares of DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 target price for the company. in a research report on Friday, May 16th. Wells Fargo & Company raised their price target on shares of DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen upgraded DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. 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 stock. Based on data from MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Hold" and an average target price of $219.56.

DICK'S Sporting Goods Stock Up 5.8%

DKS stock opened at $196.38 on Friday. The firm has a market cap of $15.72 billion, a PE ratio of 14.05, a P/E/G ratio of 2.65 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. The firm has a 50 day simple moving average of $183.47 and a 200 day simple moving average of $206.18.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, meeting analysts' consensus estimates of $3.37. The company 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%. Equities research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is presently 34.69%.

DICK'S Sporting Goods declared that its board has authorized a stock repurchase program 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 purchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

About DICK'S Sporting Goods

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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