DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. reduced its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,236 shares of the sporting goods retailer's stock after selling 5,193 shares during the period. DICK'S Sporting Goods makes up about 3.0% of Steigerwald Gordon & Koch Inc.'s investment portfolio, making the stock its 6th largest position. Steigerwald Gordon & Koch Inc. owned approximately 0.17% of DICK'S Sporting Goods worth $27,258,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in DICK'S Sporting Goods during the fourth quarter worth about $485,000. Argus Investors Counsel Inc. purchased a new position in DICK'S Sporting Goods in the 4th quarter worth about $257,000. Janus Henderson Group PLC increased its stake in DICK'S Sporting Goods by 15.9% in the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock worth $2,664,000 after purchasing an additional 1,594 shares in the last quarter. Principal Securities Inc. increased its stake in DICK'S Sporting Goods by 11.8% in the 4th quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock worth $821,000 after purchasing an additional 380 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in DICK'S Sporting Goods by 15.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer's stock worth $491,000 after purchasing an additional 281 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DKS shares. UBS Group dropped their price target on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Wall Street Zen raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Robert W. Baird dropped their price target on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, May 16th. Telsey Advisory Group reissued an "outperform" rating and issued a $220.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company lifted their target price on 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $220.11.

DICK'S Sporting Goods Stock Performance

DKS traded up $2.16 on Thursday, hitting $178.83. The company had a trading volume of 1,100,620 shares, compared to its average volume of 1,251,540. The company's fifty day moving average price is $185.67 and its 200 day moving average price is $209.22. 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 stock has a market cap of $14.28 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. Equities analysts predict 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 approved a share repurchase program on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

DICK'S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $1.2125 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 annualized dividend and a yield of 2.71%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.69%.

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.