TD Waterhouse Canada Inc. Acquires 2,290 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

TD Waterhouse Canada Inc. lifted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,563 shares of the sporting goods retailer's stock after acquiring an additional 2,290 shares during the period. TD Waterhouse Canada Inc.'s holdings in DICK'S Sporting Goods were worth $5,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $1,893,210,000. Charles Schwab Investment Management Inc. boosted its stake in shares of DICK'S Sporting Goods by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer's stock worth $427,056,000 after buying an additional 77,357 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of DICK'S Sporting Goods by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer's stock worth $241,660,000 after acquiring an additional 15,011 shares during the period. Norges Bank purchased a new stake in DICK'S Sporting Goods during the fourth quarter valued at $221,693,000. Finally, Dimensional Fund Advisors LP boosted its position in DICK'S Sporting Goods by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer's stock worth $201,768,000 after purchasing an additional 86,064 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Trading Up 1.1 %

Shares of DKS traded up $1.98 during mid-day trading on Monday, reaching $189.75. 300,483 shares of the company's stock traded hands, compared to its average volume of 1,350,211. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock's 50-day moving average is $199.77 and its two-hundred day moving average is $212.98. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The stock has a market cap of $15.15 billion, a P/E ratio of 13.56, a P/E/G ratio of 2.47 and a beta of 1.32.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its 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. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $3.85 earnings per share. Research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

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

DICK'S Sporting Goods Increases Dividend

The business 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 represents a $4.85 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's payout ratio is currently 34.54%.

Analyst Ratings Changes

A number of research firms recently issued reports on DKS. TD Cowen raised their price objective on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. DA Davidson cut their price objective on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Citigroup reaffirmed a "neutral" rating and issued a $220.00 target price (down from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Wedbush reissued a "neutral" rating and set a $215.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Loop Capital decreased their target price on shares of DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $244.72.

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.