Gateway Investment Advisers LLC Has $5.85 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Gateway Investment Advisers LLC boosted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 8.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,999 shares of the sporting goods retailer's stock after purchasing an additional 2,204 shares during the period. Gateway Investment Advisers LLC's holdings in DICK'S Sporting Goods were worth $5,845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DKS. XTX Topco Ltd acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at about $485,000. Janus Henderson Group PLC lifted its stake in DICK'S Sporting Goods by 15.9% in the fourth quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock valued at $2,664,000 after acquiring an additional 1,594 shares during the last quarter. Principal Securities Inc. grew its position in DICK'S Sporting Goods by 11.8% in the fourth quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock worth $821,000 after acquiring an additional 380 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of DICK'S Sporting Goods by 15.1% during 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 during the last quarter. Finally, Richard C. Young & CO. LTD. bought a new position in shares of DICK'S Sporting Goods during the 4th quarter valued at $6,132,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DKS shares. Loop Capital decreased their price objective on shares of DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating for the company in a report on Friday, May 16th. TD Cowen downgraded DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective on the stock. in a research note on Thursday, May 15th. Robert W. Baird reduced their target price on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a report on Friday, May 16th. Telsey Advisory Group reiterated an "outperform" rating and set a $220.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. Finally, Stifel Nicolaus reduced their price objective on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $220.11.

DICK'S Sporting Goods Stock Performance

DKS stock traded up $1.54 during trading on Monday, reaching $182.29. 1,237,588 shares of the stock were exchanged, compared to its average volume of 1,251,630. The stock has a 50 day simple moving average of $185.16 and a 200-day simple moving average of $209.25. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $14.56 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released 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. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. As a group, sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

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

DICK'S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given 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 2.66%. DICK'S Sporting Goods's payout ratio is 34.69%.

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.