DICK'S Sporting Goods, Inc. (NYSE:DKS) Stake Increased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC increased its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 963.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,681 shares of the sporting goods retailer's stock after purchasing an additional 24,172 shares during the quarter. Lighthouse Investment Partners LLC's holdings in DICK'S Sporting Goods were worth $6,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DKS. Interval Partners LP grew its holdings in shares of DICK'S Sporting Goods by 273.6% during the fourth quarter. Interval Partners LP now owns 219,591 shares of the sporting goods retailer's stock worth $50,251,000 after buying an additional 160,817 shares in the last quarter. Janus Henderson Group PLC boosted its position in DICK'S Sporting Goods by 15.9% during the fourth quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock worth $2,664,000 after acquiring an additional 1,594 shares during the last quarter. Junto Capital Management LP purchased a new stake in DICK'S Sporting Goods in the 4th quarter worth approximately $89,351,000. Focus Partners Wealth grew its stake in DICK'S Sporting Goods by 27.1% in the 4th quarter. Focus Partners Wealth now owns 4,427 shares of the sporting goods retailer's stock worth $1,015,000 after acquiring an additional 945 shares during the period. Finally, Eisler Capital Management Ltd. acquired a new position in DICK'S Sporting Goods in the 4th quarter valued at $1,685,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Up 2.8%

NYSE:DKS traded up $4.96 during trading hours on Friday, hitting $184.01. The stock had a trading volume of 4,265,940 shares, compared to its average volume of 1,228,048. The company has a market cap of $14.69 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. The business has a 50 day simple moving average of $192.32 and a two-hundred day simple moving average of $211.44. 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 current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

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, beating analysts' consensus estimates of $3.47 by $0.15. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the business earned $3.85 EPS. The business's revenue was up .5% on a year-over-year basis. Analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.64%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, March 28th. DICK'S Sporting Goods's payout ratio is presently 34.54%.

Wall Street Analysts Forecast Growth

DKS has been the topic of several analyst reports. Citigroup restated a "neutral" rating and set a $220.00 price objective (down previously from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Gordon Haskett lowered DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price target on the stock. in a research note on Friday. Barclays lowered their price target on DICK'S Sporting Goods from $254.00 to $223.00 and set an "overweight" rating for the company in a report on Monday. Guggenheim reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Stifel Nicolaus decreased their target price on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $229.79.

DICK'S Sporting Goods 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.