DICK'S Sporting Goods, Inc. (NYSE:DKS) Stock Position Decreased by Twinbeech Capital LP

Twinbeech Capital LP decreased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 94.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,799 shares of the sporting goods retailer's stock after selling 44,495 shares during the period. Twinbeech Capital LP's holdings in DICK'S Sporting Goods were worth $641,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $485,000. Argus Investors Counsel Inc. acquired a new position in shares of DICK'S Sporting Goods during the fourth quarter worth $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of DICK'S Sporting Goods by 78.2% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer's stock worth $2,631,000 after purchasing an additional 5,046 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of DICK'S Sporting Goods by 15.9% during the fourth 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. Finally, Principal Securities Inc. increased its position in shares of 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 valued at $821,000 after acquiring an additional 380 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

DKS traded up $4.34 on Wednesday, reaching $178.56. The company had a trading volume of 2,293,927 shares, compared to its average volume of 1,261,716. The stock has a 50-day moving average price of $189.33 and a 200-day moving average price of $210.28. 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 quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $14.26 billion, a PE ratio of 12.72, a P/E/G ratio of 2.47 and a beta of 1.16.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. As a group, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods declared that its Board of Directors has authorized a share buyback plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

DICK'S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Friday, March 28th. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio is 34.54%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Argus increased their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. TD Cowen downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target for the company. in a report on Thursday, May 15th. Citigroup reiterated a "neutral" rating and issued a $220.00 target price (down previously from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. DA Davidson reiterated a "buy" rating and issued a $273.00 target price on shares of DICK'S Sporting Goods in a report on Friday, May 16th. Finally, Wells Fargo & Company boosted their price target on shares of DICK'S Sporting Goods from $171.00 to $187.00 and gave the stock 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 given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $227.89.

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.