Chicago Capital LLC Sells 908 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Chicago Capital LLC decreased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,657 shares of the sporting goods retailer’s stock after selling 908 shares during the period. Chicago Capital LLC’s holdings in DICK’S Sporting Goods were worth $3,156,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $1,893,210,000. Norges Bank bought a new position in DICK’S Sporting Goods in the 4th quarter valued at $221,693,000. Wellington Management Group LLP bought a new position in DICK’S Sporting Goods in the 4th quarter valued at $125,285,000. Junto Capital Management LP acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at $89,351,000. Finally, GAMMA Investing LLC raised its position in shares of DICK’S Sporting Goods by 24,140.8% during the first quarter. GAMMA Investing LLC now owns 291,859 shares of the sporting goods retailer’s stock worth $58,827,000 after acquiring an additional 290,655 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wedbush reiterated a “neutral” rating and issued a $215.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Guggenheim reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Gordon Haskett downgraded shares of DICK’S Sporting Goods from a “buy” rating to a “reduce” rating and set a $170.00 price target for the company. in a research note on Friday, May 16th. Citigroup restated a “neutral” rating on shares of DICK’S Sporting Goods in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of DICK’S Sporting Goods from $224.00 to $195.00 and set a “neutral” rating for the company in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $220.11.

DICK’S Sporting Goods Trading Up 1.1%

DKS opened at $178.66 on Tuesday. The firm’s fifty day simple moving average is $184.97 and its 200 day simple moving average is $207.97. The stock has a market capitalization of $14.30 billion, a P/E ratio of 12.77, a P/E/G ratio of 2.47 and a beta of 1.07. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.37. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. As a group, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, June 13th. DICK’S Sporting Goods’s payout ratio is 34.69%.

DICK’S Sporting Goods announced that its Board of Directors has initiated 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 stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.