DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Ossiam

Ossiam raised its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 50.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,619 shares of the sporting goods retailer's stock after acquiring an additional 2,233 shares during the period. Ossiam's holdings in DICK'S Sporting Goods were worth $1,515,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC acquired a new position in DICK'S Sporting Goods during the 3rd quarter worth approximately $211,000. Wilmington Savings Fund Society FSB purchased a new position in DICK'S Sporting Goods in the third quarter worth $140,000. Tidal Investments LLC lifted its holdings in DICK'S Sporting Goods by 47.3% in the third quarter. Tidal Investments LLC now owns 7,597 shares of the sporting goods retailer's stock valued at $1,585,000 after acquiring an additional 2,441 shares during the period. Retirement Systems of Alabama grew its stake in shares of DICK'S Sporting Goods by 13.3% during the 3rd quarter. Retirement Systems of Alabama now owns 126,800 shares of the sporting goods retailer's stock worth $26,463,000 after purchasing an additional 14,934 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $350,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Trading Down 0.8 %

NYSE DKS traded down $1.52 during trading hours on Friday, hitting $187.99. 586,396 shares of the company's stock were exchanged, compared to its average volume of 1,161,847. The business's 50 day moving average is $199.77 and its 200-day moving average is $212.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. DICK'S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The firm has a market capitalization of $15.01 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32.

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

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

DICK'S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $1.2125 dividend. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, March 28th. DICK'S Sporting Goods's payout ratio is currently 34.54%.

Analyst Ratings Changes

DKS has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Telsey Advisory Group restated an "outperform" rating and issued a $250.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, March 14th. Citigroup reiterated a "neutral" rating and issued a $220.00 price objective (down from $230.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Argus upped their price target on shares of 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.72.

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.