Vaughan Nelson Investment Management L.P. Lowers Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Vaughan Nelson Investment Management L.P. trimmed its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,855 shares of the sporting goods retailer's stock after selling 2,115 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.13% of DICK'S Sporting Goods worth $20,529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in DICK'S Sporting Goods by 255.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,434 shares of the sporting goods retailer's stock valued at $6,940,000 after buying an additional 24,746 shares during the last quarter. Fifth Third Bancorp grew its position in DICK'S Sporting Goods by 27.5% in the 1st quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock valued at $195,000 after buying an additional 209 shares during the last quarter. Handelsbanken Fonder AB grew its position in DICK'S Sporting Goods by 18.6% in the 1st quarter. Handelsbanken Fonder AB now owns 17,200 shares of the sporting goods retailer's stock valued at $3,467,000 after buying an additional 2,700 shares during the last quarter. GAMMA Investing LLC grew its position in DICK'S Sporting Goods by 20.3% in the 1st quarter. GAMMA Investing LLC now owns 1,448 shares of the sporting goods retailer's stock valued at $292,000 after buying an additional 244 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in DICK'S Sporting Goods by 36.7% in the 1st quarter. Yousif Capital Management LLC now owns 20,907 shares of the sporting goods retailer's stock valued at $4,214,000 after buying an additional 5,618 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Trading Down 4.3%

NYSE:DKS opened at $176.38 on Friday. The stock has a fifty day simple moving average of $184.82 and a 200-day simple moving average of $208.21. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a market capitalization of $14.09 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting the consensus estimate of $3.37. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate 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, equities research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods announced that its Board of Directors has initiated a share buyback program on Tuesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

DICK'S Sporting Goods Announces Dividend

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

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of recent analyst reports. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. DA Davidson reduced their target price on DICK'S Sporting Goods from $273.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Gordon Haskett downgraded DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 target price for the company. in a report on Friday, May 16th. Robert W. Baird reduced their target price on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a report on Friday, May 16th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $220.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.

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