UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $80.54 Million Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 351,931 shares of the sporting goods retailer's stock after selling 6,585 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.43% of DICK'S Sporting Goods worth $80,536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. XTX Topco Ltd bought a new stake in DICK'S Sporting Goods in the 4th quarter valued at $485,000. Argus Investors Counsel Inc. bought a new stake in DICK'S Sporting Goods in the 4th quarter valued at $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in DICK'S Sporting Goods by 78.2% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer's stock valued at $2,631,000 after purchasing an additional 5,046 shares during the period. Janus Henderson Group PLC boosted its holdings 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 valued at $2,664,000 after purchasing an additional 1,594 shares during the period. Finally, Principal Securities Inc. boosted its holdings 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 valued at $821,000 after purchasing an additional 380 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DKS has been the topic of several recent research reports. Guggenheim reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Barclays lifted their target price on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a research report on Thursday. Wall Street Zen upgraded shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Truist Financial set a $230.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday. Finally, Wedbush reiterated a "neutral" rating and set a $215.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $222.74.

DICK'S Sporting Goods Trading Down 1.9%

NYSE DKS traded down $3.40 during trading on Friday, reaching $177.81. 652,430 shares of the stock traded hands, compared to its average volume of 1,253,185. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. The stock's 50-day moving average price is $188.47 and its 200 day moving average price is $209.94. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.

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, meeting analysts' consensus estimates of $3.37. The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. Analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

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. This represents a $4.85 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is 34.54%.

DICK'S Sporting Goods announced that its board has approved a stock repurchase 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 purchase up to 18.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management 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.