Yousif Capital Management LLC Has $4.21 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Yousif Capital Management LLC raised its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 36.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,907 shares of the sporting goods retailer's stock after buying an additional 5,618 shares during the quarter. Yousif Capital Management LLC's holdings in DICK'S Sporting Goods were worth $4,214,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of DICK'S Sporting Goods by 12.3% during the 1st quarter. Farther Finance Advisors LLC now owns 2,012 shares of the sporting goods retailer's stock worth $415,000 after purchasing an additional 220 shares during the period. Range Financial Group LLC raised its holdings in DICK'S Sporting Goods by 3.1% in the first quarter. Range Financial Group LLC now owns 8,997 shares of the sporting goods retailer's stock valued at $1,813,000 after acquiring an additional 270 shares in the last quarter. UMB Bank n.a. lifted its position in shares of DICK'S Sporting Goods by 129.1% during the 1st quarter. UMB Bank n.a. now owns 630 shares of the sporting goods retailer's stock worth $127,000 after purchasing an additional 355 shares during the last quarter. Pine Haven Investment Counsel Inc boosted its position in shares of DICK'S Sporting Goods by 4.9% during the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock worth $258,000 after acquiring an additional 60 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its holdings in DICK'S Sporting Goods by 8.2% during the first quarter. Gateway Investment Advisers LLC now owns 28,999 shares of the sporting goods retailer's stock worth $5,845,000 after purchasing an additional 2,204 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DKS. Citigroup restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. Wedbush restated a "neutral" rating and set a $215.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. TD Cowen downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 target price for the company. in a report on Thursday, May 15th. Wall Street Zen raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Loop Capital dropped their target price on DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating for the company in a research note on Friday, May 16th. One research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $220.11.

DICK'S Sporting Goods Stock Up 1.2%

Shares of NYSE:DKS traded up $2.12 during midday trading on Monday, reaching $178.86. The company had a trading volume of 644,975 shares, compared to its average volume of 1,256,724. 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, Inc. has a one year low of $166.37 and a one year high of $254.60. The stock's fifty day moving average price is $184.82 and its 200-day moving average price is $208.17. The stock has a market capitalization of $14.32 billion, a P/E ratio of 12.79, a PEG ratio of 2.47 and a beta of 1.07.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $1.2125 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.71%. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.69%.

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

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.