Gotham Asset Management LLC Sells 1,627 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Gotham Asset Management LLC cut its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 9.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,375 shares of the sporting goods retailer's stock after selling 1,627 shares during the period. Gotham Asset Management LLC's holdings in DICK'S Sporting Goods were worth $3,518,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. SeaCrest Wealth Management LLC boosted its stake in DICK'S Sporting Goods by 4.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,765 shares of the sporting goods retailer's stock valued at $404,000 after buying an additional 81 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in shares of DICK'S Sporting Goods by 3.5% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer's stock valued at $470,000 after acquiring an additional 70 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of DICK'S Sporting Goods by 24.0% during the fourth quarter. Park Avenue Securities LLC now owns 4,088 shares of the sporting goods retailer's stock valued at $936,000 after purchasing an additional 792 shares during the period. Gateway Investment Advisers LLC grew its holdings in DICK'S Sporting Goods by 3.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 26,795 shares of the sporting goods retailer's stock worth $6,132,000 after acquiring an additional 939 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new position in DICK'S Sporting Goods during the 4th quarter valued at approximately $200,000. 89.83% of the stock is owned by institutional investors.

DICK'S Sporting Goods Trading Up 1.7%

Shares of NYSE:DKS traded up $3.05 during trading on Tuesday, reaching $185.88. The company's stock had a trading volume of 430,223 shares, compared to its average volume of 1,232,410. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The stock has a market capitalization of $14.84 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The firm's 50 day simple moving average is $191.78 and its two-hundred day simple moving average is $211.42.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm posted $3.85 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

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

DICK'S Sporting Goods Increases Dividend

The business also recently announced 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. This represents a $4.85 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.54%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DKS. Barclays set a $217.00 target price on shares of DICK'S Sporting Goods in a research note on Friday. Argus raised their price objective on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. StockNews.com upgraded DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Wells Fargo & Company boosted their target price on shares of DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, DICK'S Sporting Goods presently has an average rating of "Hold" and an average price target of $229.47.

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.