DICK'S Sporting Goods, Inc. (NYSE:DKS) Stock Position Decreased by Tobam

Tobam decreased its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 31.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,918 shares of the sporting goods retailer's stock after selling 6,340 shares during the quarter. DICK'S Sporting Goods makes up 1.2% of Tobam's portfolio, making the stock its 28th biggest position. Tobam's holdings in DICK'S Sporting Goods were worth $2,805,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. raised its stake in DICK'S Sporting Goods by 9.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 1,092 shares of the sporting goods retailer's stock valued at $250,000 after buying an additional 90 shares in the last quarter. Portfolio Design Labs LLC acquired a new stake in DICK'S Sporting Goods during the fourth quarter valued at approximately $364,000. MTM Investment Management LLC raised its stake in DICK'S Sporting Goods by 165.1% during the fourth quarter. MTM Investment Management LLC now owns 6,004 shares of the sporting goods retailer's stock valued at $1,374,000 after buying an additional 3,739 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in DICK'S Sporting Goods by 41.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,589 shares of the sporting goods retailer's stock valued at $364,000 after buying an additional 469 shares in the last quarter. Finally, PUREfi Wealth LLC acquired a new stake in DICK'S Sporting Goods during the fourth quarter valued at approximately $315,000. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

NYSE DKS traded down $8.01 on Friday, reaching $176.38. 1,422,033 shares of the stock traded hands, compared to its average volume of 1,259,042. The firm's fifty day simple moving average is $184.82 and its 200 day simple moving average is $208.21. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The company has a market cap of $14.09 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 2.47 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results 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 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%. As a group, research analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods announced that its board has approved a share repurchase program on Tuesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $1.2125 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.75%. DICK'S Sporting Goods's payout ratio is currently 34.69%.

Analysts Set New Price Targets

Several brokerages have issued reports on DKS. Citigroup restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. Telsey Advisory Group reiterated an "outperform" rating and set a $220.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Wall Street Zen upgraded DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Wedbush reiterated a "neutral" rating and set a $215.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus dropped their price target on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $220.11.

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.