Schonfeld Strategic Advisors LLC Sells 8,373 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Schonfeld Strategic Advisors LLC reduced its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,966 shares of the sporting goods retailer's stock after selling 8,373 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.10% of DICK'S Sporting Goods worth $19,215,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC bought a new position in DICK'S Sporting Goods in the fourth quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in shares of DICK'S Sporting Goods during the 4th quarter valued at about $30,000. Sound Income Strategies LLC raised its holdings in shares of DICK'S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock valued at $32,000 after buying an additional 118 shares in the last quarter. Bessemer Group Inc. lifted its position in DICK'S Sporting Goods by 108.6% in the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after buying an additional 76 shares during the last quarter. Finally, Promus Capital LLC purchased a new stake in DICK'S Sporting Goods in the fourth quarter worth approximately $48,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on DKS. Wedbush reissued a "neutral" rating and set a $215.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Loop Capital cut their price target 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. Morgan Stanley lifted their price objective on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Stifel Nicolaus reduced their price target on 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. Finally, Wells Fargo & Company lowered their price objective on DICK'S Sporting Goods from $205.00 to $171.00 and set an "equal weight" rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, DICK'S Sporting Goods currently has a consensus rating of "Moderate Buy" and an average target price of $241.61.

DICK'S Sporting Goods Stock Up 3.5 %

Shares of DICK'S Sporting Goods stock traded up $6.52 during trading on Friday, hitting $193.87. The company's stock had a trading volume of 897,675 shares, compared to its average volume of 1,166,003. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a fifty day simple moving average of $196.26 and a two-hundred day simple moving average of $212.33. The company has a market capitalization of $15.48 billion, a PE ratio of 13.86, a P/E/G ratio of 2.47 and a beta of 1.32.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results 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 return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the business posted $3.85 EPS. The firm's quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods announced that its board has approved a share buyback plan on Tuesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

DICK'S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.50%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date was Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio is 34.54%.

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.