DICK’S Sporting Goods, Inc. (NYSE:DKS) Stake Raised by Tabor Asset Management LP

Tabor Asset Management LP lifted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 237.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 37,244 shares of the sporting goods retailer’s stock after acquiring an additional 26,200 shares during the quarter. DICK’S Sporting Goods accounts for about 4.1% of Tabor Asset Management LP’s investment portfolio, making the stock its 7th largest holding. Tabor Asset Management LP’s holdings in DICK’S Sporting Goods were worth $8,523,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DKS. Wealthfront Advisers LLC acquired a new position in DICK’S Sporting Goods in the fourth quarter valued at about $1,893,210,000. Charles Schwab Investment Management Inc. lifted its holdings 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 acquiring an additional 77,357 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of DICK’S Sporting Goods by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer’s stock worth $241,660,000 after purchasing an additional 15,011 shares during the period. Norges Bank purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $221,693,000. Finally, Dimensional Fund Advisors LP increased its holdings in DICK’S Sporting Goods by 10.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer’s stock valued at $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 Stock Up 2.8%

Shares of NYSE:DKS opened at $184.01 on Monday. The firm has a 50 day simple moving average of $192.01 and a 200-day simple moving average of $211.50. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $14.69 billion, a PE ratio of 13.15, a P/E/G ratio of 2.47 and a beta of 1.16.

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

DICK’S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $1.2125 dividend. The ex-dividend date was Friday, March 28th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.64%. DICK’S Sporting Goods’s dividend payout ratio is 34.54%.

DICK’S Sporting Goods announced that its board has authorized a stock buyback plan on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

DKS has been the topic of a number of research reports. Barclays decreased their price target on DICK’S Sporting Goods from $254.00 to $223.00 and set an “overweight” rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company increased their target price on DICK’S Sporting Goods from $171.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. Argus lifted their target price on DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Citigroup reissued a “neutral” rating and set a $220.00 price target (down previously from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Finally, Morgan Stanley raised their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $229.79.

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.