Gilder Gagnon Howe & Co. LLC Has $105.84 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Gilder Gagnon Howe & Co. LLC decreased its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 462,488 shares of the sporting goods retailer's stock after selling 14,616 shares during the quarter. DICK'S Sporting Goods comprises approximately 1.1% of Gilder Gagnon Howe & Co. LLC's holdings, making the stock its 23rd largest position. Gilder Gagnon Howe & Co. LLC owned about 0.57% of DICK'S Sporting Goods worth $105,836,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Coldstream Capital Management Inc. lifted its position in DICK'S Sporting Goods by 5.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 10,834 shares of the sporting goods retailer's stock worth $2,479,000 after purchasing an additional 563 shares during the period. Burling Wealth Partners LLC acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at about $1,601,000. Cartenna Capital LP bought a new stake in DICK'S Sporting Goods in the fourth quarter valued at about $27,031,000. Adage Capital Partners GP L.L.C. acquired a new position in DICK'S Sporting Goods in the fourth quarter worth about $4,920,000. Finally, Coppell Advisory Solutions LLC lifted its stake in DICK'S Sporting Goods by 74.2% during the fourth quarter. Coppell Advisory Solutions LLC now owns 310 shares of the sporting goods retailer's stock worth $72,000 after purchasing an additional 132 shares during the period. 89.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DKS shares. Robert W. Baird lowered their price target on DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Morgan Stanley raised their price objective on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. TD Cowen increased their price target on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Argus lifted their price objective on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $220.00 price target (down from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $241.61.

DICK'S Sporting Goods Trading Up 0.2 %

DICK'S Sporting Goods stock traded up $0.43 during mid-day trading on Thursday, hitting $188.17. 391,385 shares of the company's stock were exchanged, compared to its average volume of 1,161,925. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. 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 firm has a market capitalization of $15.03 billion, a P/E ratio of 13.43, a PEG ratio of 2.47 and a beta of 1.32. The company's 50 day simple moving average is $197.43 and its 200-day simple moving average is $212.56.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.15. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm posted $3.85 EPS. The business's revenue was up .5% on a year-over-year basis. On average, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

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

DICK'S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, March 28th. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.58%. DICK'S Sporting Goods's payout ratio is 34.54%.

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.