Two Sigma Investments LP Trims Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Two Sigma Investments LP lowered its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 77.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,990 shares of the sporting goods retailer's stock after selling 52,716 shares during the period. Two Sigma Investments LP's holdings in DICK'S Sporting Goods were worth $3,430,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in shares of DICK'S Sporting Goods by 8.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,330 shares of the sporting goods retailer's stock worth $4,195,000 after purchasing an additional 1,353 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in DICK'S Sporting Goods in the 4th quarter valued at approximately $232,000. PFG Investments LLC bought a new position in shares of DICK'S Sporting Goods during the fourth quarter valued at $224,000. Blue Trust Inc. raised its stake in shares of DICK'S Sporting Goods by 47.6% during the fourth quarter. Blue Trust Inc. now owns 1,473 shares of the sporting goods retailer's stock valued at $307,000 after acquiring an additional 475 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of DICK'S Sporting Goods by 21.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 98,683 shares of the sporting goods retailer's stock valued at $22,583,000 after acquiring an additional 17,430 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DKS. DA Davidson decreased their price objective on shares of DICK'S Sporting Goods from $273.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Robert W. Baird decreased their price objective on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research report on Friday, May 16th. Telsey Advisory Group reiterated an "outperform" rating and set a $220.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. Finally, Stifel Nicolaus decreased 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 report on Thursday, April 10th. One 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. According to MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Hold" and an average target price of $220.11.

DICK'S Sporting Goods Stock Up 0.7%

Shares of NYSE DKS traded up $1.22 during mid-day trading on Tuesday, reaching $177.70. 1,173,115 shares of the company's stock traded hands, compared to its average volume of 1,250,690. The stock has a market cap of $14.19 billion, a P/E ratio of 12.70, a PEG ratio of 2.47 and a beta of 1.16. The business has a 50-day simple moving average of $186.64 and a 200 day simple moving average of $209.59. 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 current ratio of 1.72 and a quick ratio of 0.56.

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

DICK'S Sporting Goods Dividend Announcement

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 paid a $1.2125 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.85 annualized dividend and a dividend yield of 2.73%. DICK'S Sporting Goods's payout ratio is 34.69%.

DICK'S Sporting Goods declared that its board has authorized a stock repurchase program on Tuesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership 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.