DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 32.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,284 shares of the sporting goods retailer’s stock after selling 13,364 shares during the period. Quantinno Capital Management LP’s holdings in DICK’S Sporting Goods were worth $6,473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DKS. XTX Topco Ltd acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth approximately $485,000. Argus Investors Counsel Inc. acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth approximately $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of DICK’S Sporting Goods by 78.2% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer’s stock worth $2,631,000 after acquiring an additional 5,046 shares during the period. Principal Securities Inc. grew its holdings in shares of DICK’S Sporting Goods by 11.8% in the 4th quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer’s stock worth $821,000 after acquiring an additional 380 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of DICK’S Sporting Goods by 15.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer’s stock worth $491,000 after acquiring an additional 281 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DKS shares. StockNews.com upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Friday, May 9th. Citigroup restated a “neutral” rating and issued a $220.00 price target (down previously from $230.00) on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Morgan Stanley upped their price target 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. Telsey Advisory Group restated an “outperform” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday. Finally, TD Cowen lowered DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $216.00 target price on the stock. in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $229.79.

DICK’S Sporting Goods Trading Up 2.8%

Shares of DICK’S Sporting Goods stock opened at $184.01 on Friday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The firm has a market cap of $14.69 billion, a PE ratio of 13.15, a P/E/G ratio of 2.47 and a beta of 1.16. The business’s fifty day moving average is $192.01 and its two-hundred day moving average is $211.32. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly 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. 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 analyst estimates of $3.76 billion. During the same quarter in the prior year, the company posted $3.85 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts anticipate 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 authorized a share repurchase program on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding 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 leadership believes its stock is undervalued.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Friday, March 28th. 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 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.