Vest Financial LLC Buys 3,663 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Vest Financial LLC raised its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 33.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,769 shares of the sporting goods retailer's stock after purchasing an additional 3,663 shares during the quarter. Vest Financial LLC's holdings in DICK'S Sporting Goods were worth $2,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in DKS. Park Square Financial Group LLC bought a new position in shares of DICK'S Sporting Goods during the 4th quarter worth $27,000. Ancora Advisors LLC bought a new position in shares of DICK'S Sporting Goods during the 4th quarter worth $28,000. Rialto Wealth Management LLC bought a new position in shares of DICK'S Sporting Goods during the 4th quarter worth $30,000. Bessemer Group Inc. grew its stake in shares of DICK'S Sporting Goods by 108.6% during the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after acquiring an additional 76 shares during the period. Finally, Promus Capital LLC bought a new position in shares of DICK'S Sporting Goods during the 4th quarter worth $48,000. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded up $1.74 on Friday, hitting $180.74. The company's stock had a trading volume of 794,091 shares, compared to its average volume of 1,251,685. The company has a 50-day simple moving average of $185.16 and a 200 day simple moving average of $209.25. 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 market capitalization of $14.43 billion, a PE ratio of 12.92, a PEG ratio of 2.47 and a beta of 1.07. 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, meeting the consensus estimate of $3.37. The firm had revenue of $3.16 billion for 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%. Sell-side analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $1.2125 per share. The ex-dividend date is Friday, June 13th. This represents a $4.85 annualized dividend and a dividend yield of 2.68%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

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

Analyst Upgrades and Downgrades

DKS has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Barclays increased their price objective on DICK'S Sporting Goods from $217.00 to $232.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Wells Fargo & Company increased their price objective on DICK'S Sporting Goods from $171.00 to $187.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Citigroup reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $220.00 price objective 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 assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Hold" and a consensus target price of $220.11.

DICK'S Sporting Goods Company 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.