Janney Montgomery Scott LLC Raises Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Janney Montgomery Scott LLC increased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 13.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 20,859 shares of the sporting goods retailer's stock after acquiring an additional 2,529 shares during the quarter. Janney Montgomery Scott LLC's holdings in DICK'S Sporting Goods were worth $4,204,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DKS. Park Square Financial Group LLC purchased a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at $27,000. Ancora Advisors LLC purchased a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new position in DICK'S Sporting Goods in the 4th quarter worth approximately $30,000. Bessemer Group Inc. lifted its stake in DICK'S Sporting Goods by 108.6% during the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after purchasing an additional 76 shares during the last quarter. Finally, Promus Capital LLC purchased a new position in shares of DICK'S Sporting Goods in the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Up 1.4%

Shares of DKS stock opened at $176.00 on Tuesday. The company's fifty day simple moving average is $183.27 and its two-hundred day simple moving average is $206.65. 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 market cap of $14.09 billion, a P/E ratio of 12.59, a PEG ratio of 2.47 and a beta of 1.07. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49.

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 for the quarter, hitting the consensus estimate of $3.37. The company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. Analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 annualized dividend and a dividend yield of 2.76%. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.69%.

DICK'S Sporting Goods announced that its board has initiated a stock repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the sporting goods retailer to repurchase up to 18.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. 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 research note on Thursday, May 15th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $220.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Guggenheim reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Finally, Gordon Haskett cut shares of DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 target price on the stock. in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $220.11.

DICK'S Sporting Goods 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.

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