DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. lifted its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,782 shares of the sporting goods retailer's stock after buying an additional 5,038 shares during the period. Pinebridge Investments L.P.'s holdings in DICK'S Sporting Goods were worth $4,069,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in DICK'S Sporting Goods by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 222,582 shares of the sporting goods retailer's stock worth $50,936,000 after buying an additional 4,075 shares in the last quarter. Stifel Financial Corp increased its position in DICK'S Sporting Goods by 126.6% during the fourth quarter. Stifel Financial Corp now owns 19,918 shares of the sporting goods retailer's stock worth $4,558,000 after purchasing an additional 11,127 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in DICK'S Sporting Goods by 10.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 24,563 shares of the sporting goods retailer's stock worth $5,621,000 after purchasing an additional 2,290 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of DICK'S Sporting Goods by 39.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,521 shares of the sporting goods retailer's stock valued at $1,035,000 after buying an additional 1,285 shares during the period. Finally, MML Investors Services LLC increased its holdings in shares of DICK'S Sporting Goods by 32.4% during the 4th quarter. MML Investors Services LLC now owns 5,483 shares of the sporting goods retailer's stock worth $1,255,000 after buying an additional 1,342 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DKS has been the subject of several analyst reports. Robert W. Baird lowered their price objective on DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. StockNews.com cut shares of DICK'S Sporting Goods from a "hold" rating to a "sell" rating in a research report on Tuesday, April 22nd. Stifel Nicolaus dropped 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. Finally, Loop Capital lowered their price objective on shares of DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating for the company in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and an average target price of $241.61.

DICK'S Sporting Goods Stock Down 0.5 %

Shares of NYSE DKS traded down $1.00 during mid-day trading on Thursday, reaching $186.74. The company had a trading volume of 278,292 shares, compared to its average volume of 1,161,566. 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, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The stock has a market cap of $14.91 billion, a P/E ratio of 13.34, a PEG ratio of 2.47 and a beta of 1.32. The firm has a 50 day simple moving average of $197.43 and a two-hundred day simple moving average of $212.56.

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 EPS for the quarter, topping the consensus estimate of $3.47 by $0.15. The company 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 quarter in the previous year, the company posted $3.85 earnings per share. Sell-side analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods declared that its Board of Directors has approved a share buyback program on Tuesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

DICK'S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $1.2125 per share. The ex-dividend date was Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.60%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.54%.

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.