Ontario Teachers Pension Plan Board Has $320,000 Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Ontario Teachers Pension Plan Board reduced its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 60.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,399 shares of the sporting goods retailer's stock after selling 2,134 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in DICK'S Sporting Goods were worth $320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wealthfront Advisers LLC bought a new position in DICK'S Sporting Goods in the 4th quarter worth approximately $1,893,210,000. Norges Bank acquired a new position in shares of DICK'S Sporting Goods in the 4th quarter valued at $221,693,000. Wellington Management Group LLP bought a new position in shares of DICK'S Sporting Goods in the 4th quarter worth $125,285,000. KBC Group NV grew its stake in shares of DICK'S Sporting Goods by 86.8% during the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock worth $107,043,000 after purchasing an additional 217,390 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in DICK'S Sporting Goods in the fourth quarter valued at about $23,791,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on DKS. Wedbush restated a "neutral" rating and set a $215.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Robert W. Baird reduced their target price on DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Telsey Advisory Group restated an "outperform" rating and set a $250.00 target price on shares of DICK'S Sporting Goods in a report on Friday, March 14th. TD Cowen lifted their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Finally, 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 report on Wednesday, January 29th. One 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $244.72.

DICK'S Sporting Goods Stock Performance

Shares of DKS stock traded up $8.12 during trading on Wednesday, reaching $188.93. 565,689 shares of the company's stock were exchanged, compared to its average volume of 1,371,151. 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 stock has a market capitalization of $15.09 billion, a PE ratio of 13.50, a PEG ratio of 2.47 and a beta of 1.32. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The firm's fifty day moving average price is $202.75 and its 200-day moving average price is $213.26.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its 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. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.85 EPS. As a group, sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $1.2125 dividend. The ex-dividend date was Friday, March 28th. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.57%. DICK'S Sporting Goods's payout ratio is 34.54%.

DICK'S Sporting Goods declared that its board has approved a share buyback plan 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 plans are typically 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.