DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 83.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,224 shares of the sporting goods retailer's stock after selling 6,373 shares during the quarter. Tidal Investments LLC's holdings in DICK'S Sporting Goods were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new position in shares of DICK'S Sporting Goods during the fourth quarter worth about $1,893,210,000. Norges Bank acquired a new position in shares of DICK'S Sporting Goods during the fourth quarter worth about $221,693,000. Wellington Management Group LLP acquired a new stake in DICK'S Sporting Goods in the fourth quarter valued at approximately $125,285,000. Junto Capital Management LP purchased a new stake in shares of DICK'S Sporting Goods during the fourth quarter valued at approximately $89,351,000. Finally, Candlestick Capital Management LP acquired a new position in shares of DICK'S Sporting Goods during the fourth quarter worth $41,354,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of recent analyst reports. UBS Group lowered their price target on shares of DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Barclays upped their price objective 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, May 29th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $220.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. JPMorgan Chase & Co. cut their price target on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Finally, Wall Street Zen upgraded DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $220.11.

DICK'S Sporting Goods Stock Down 0.5%

DICK'S Sporting Goods stock traded down $0.89 during midday trading on Wednesday, hitting $176.88. The stock had a trading volume of 1,233,403 shares, compared to its average volume of 1,250,464. 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 stock has a market cap of $14.12 billion, a P/E ratio of 12.64, a P/E/G ratio of 2.47 and a beta of 1.16. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The business has a fifty day moving average price of $186.13 and a 200 day moving average price of $209.36.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, meeting the consensus estimate of $3.37. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. Research analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

DICK'S Sporting Goods declared that its board has approved a stock buyback plan on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

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.