Northern Trust Corp Has $136.16 Million Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Northern Trust Corp raised its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 27.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 594,995 shares of the sporting goods retailer's stock after acquiring an additional 129,783 shares during the period. Northern Trust Corp owned approximately 0.73% of DICK'S Sporting Goods worth $136,159,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. World Investment Advisors LLC acquired a new stake in DICK'S Sporting Goods in the third quarter worth about $211,000. Wilmington Savings Fund Society FSB purchased a new position in shares of DICK'S Sporting Goods during the 3rd quarter valued at about $140,000. Tidal Investments LLC lifted its stake in shares of DICK'S Sporting Goods by 47.3% in the 3rd quarter. Tidal Investments LLC now owns 7,597 shares of the sporting goods retailer's stock valued at $1,585,000 after purchasing an additional 2,441 shares during the period. Everence Capital Management Inc. purchased a new position in shares of DICK'S Sporting Goods in the 4th quarter valued at about $350,000. Finally, Pensionfund Sabic purchased a new position in shares of DICK'S Sporting Goods during the 4th quarter valued at approximately $1,510,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Stock Up 0.7 %

NYSE:DKS traded up $1.24 during trading hours on Wednesday, hitting $187.66. 506,288 shares of the stock traded hands, compared to its average volume of 1,163,630. 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 current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The firm has a market cap of $14.99 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 2.47 and a beta of 1.16. The firm has a 50 day moving average price of $194.81 and a 200 day moving average price of $211.93.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) 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 company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business posted $3.85 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Increases Dividend

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

DICK'S Sporting Goods announced that its Board of Directors has authorized 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DKS shares. Stifel Nicolaus decreased their price target on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Argus raised their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Robert W. Baird reduced 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. DA Davidson lowered their price target on DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Finally, Guggenheim reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $241.61.

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.