OMERS ADMINISTRATION Corp Decreases Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

OMERS ADMINISTRATION Corp lessened its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 79.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,449 shares of the sporting goods retailer's stock after selling 9,691 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in DICK'S Sporting Goods were worth $560,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Greenleaf Trust increased its stake in shares of DICK'S Sporting Goods by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer's stock worth $394,000 after acquiring an additional 50 shares during the period. Independent Advisor Alliance lifted its position in DICK'S Sporting Goods by 5.4% during the fourth quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock valued at $235,000 after purchasing an additional 53 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in DICK'S Sporting Goods by 2.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer's stock valued at $577,000 after purchasing an additional 54 shares during the last quarter. EP Wealth Advisors LLC grew its position in DICK'S Sporting Goods by 5.9% during the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock worth $232,000 after purchasing an additional 57 shares during the period. Finally, Stonegate Investment Group LLC raised its stake in shares of DICK'S Sporting Goods by 2.9% during the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer's stock valued at $473,000 after buying an additional 58 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Price Performance

Shares of DKS stock traded down $3.35 on Thursday, reaching $172.57. 2,057,043 shares of the company were exchanged, compared to its average volume of 1,247,903. 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 debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The business has a 50-day moving average price of $191.32 and a 200 day moving average price of $210.98. The company has a market cap of $13.78 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 2.47 and a beta of 1.16.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping the consensus estimate of $3.47 by $0.15. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the business earned $3.85 EPS. DICK'S Sporting Goods's quarterly revenue was up .5% on a year-over-year basis. Equities research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

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

DICK'S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.81%. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date was Friday, March 28th. DICK'S Sporting Goods's payout ratio is presently 34.54%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DKS. Loop Capital decreased their price objective on 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. Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 price target on shares of DICK'S Sporting Goods in a report on Thursday, May 15th. Argus raised their price objective on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Wall Street Zen raised shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Finally, TD Cowen cut shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 target price for the company. in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Hold" and a consensus price target of $229.47.

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.