Steigerwald Gordon & Koch Inc. Has $27.26 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

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

Several other large investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new position in DICK'S Sporting Goods during the fourth quarter worth $1,893,210,000. Charles Schwab Investment Management Inc. lifted its stake in DICK'S Sporting Goods by 4.3% during the fourth 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 stake in DICK'S Sporting Goods by 1.4% during the fourth 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 position in DICK'S Sporting Goods during the fourth quarter worth $221,693,000. Finally, Dimensional Fund Advisors LP lifted its stake in DICK'S Sporting Goods by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer's stock worth $201,768,000 after purchasing an additional 86,064 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Telsey Advisory Group restated an "outperform" rating and set a $220.00 price objective on shares of DICK'S Sporting Goods in a research note on Wednesday, May 28th. Wedbush restated a "neutral" rating and set a $215.00 price objective on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. JPMorgan Chase & Co. cut their target price on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Finally, DA Davidson cut their target price on DICK'S Sporting Goods from $273.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Hold" and a consensus price target of $220.11.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS traded up $1.74 during midday trading on Friday, reaching $180.74. 794,091 shares of the company traded hands, compared to its average volume of 1,251,685. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The stock has a 50-day moving average price of $185.16 and a 200 day moving average price of $209.25. 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 company has a market cap of $14.43 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 2.47 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.12 billion. Sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.2125 per share. The ex-dividend date is Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.68%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

DICK'S Sporting Goods announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are 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.