Letko Brosseau & Associates Inc. Sells 360 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Letko Brosseau & Associates Inc. trimmed its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,220 shares of the sporting goods retailer’s stock after selling 360 shares during the period. Letko Brosseau & Associates Inc. owned about 0.07% of DICK’S Sporting Goods worth $12,408,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DKS. Lighthouse Investment Partners LLC raised its holdings in DICK’S Sporting Goods by 963.4% in the 4th quarter. Lighthouse Investment Partners LLC now owns 26,681 shares of the sporting goods retailer’s stock valued at $6,106,000 after acquiring an additional 24,172 shares during the period. Interval Partners LP grew its holdings in DICK’S Sporting Goods by 273.6% during the 4th quarter. Interval Partners LP now owns 219,591 shares of the sporting goods retailer’s stock worth $50,251,000 after acquiring an additional 160,817 shares during the last quarter. Janus Henderson Group PLC increased its position in DICK’S Sporting Goods by 15.9% during the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer’s stock valued at $2,664,000 after purchasing an additional 1,594 shares during the period. Junto Capital Management LP acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at about $89,351,000. Finally, Focus Partners Wealth boosted its position in DICK’S Sporting Goods by 27.1% in the fourth quarter. Focus Partners Wealth now owns 4,427 shares of the sporting goods retailer’s stock worth $1,015,000 after purchasing an additional 945 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $190.57 on Monday. The stock’s 50 day simple moving average is $193.20 and its 200-day simple moving average is $211.58. The company has a market cap of $15.22 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.15. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK’S Sporting Goods’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the business posted $3.85 EPS. As a group, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

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 given a dividend of $1.2125 per share. 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. This represents a $4.85 annualized dividend and a yield of 2.54%. DICK’S Sporting Goods’s payout ratio is 34.54%.

DICK’S Sporting Goods announced that its board has authorized a stock repurchase plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows 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 board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on DKS. Loop Capital reduced their target price on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating for the company in a report on Thursday, March 13th. Citigroup reaffirmed a “neutral” rating and set a $220.00 target price (down previously from $230.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Wedbush reissued a “neutral” rating and issued a $215.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. DA Davidson lowered their price objective on DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Finally, Morgan Stanley raised their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $241.61.

DICK’S Sporting Goods 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.