Dimensional Fund Advisors LP Has $234.84 Million Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Dimensional Fund Advisors LP decreased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating) by 6.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,042,434 shares of the sporting goods retailer’s stock after selling 129,363 shares during the period. Dimensional Fund Advisors LP’s holdings in DICK’S Sporting Goods were worth $234,843,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in DICK’S Sporting Goods by 18.4% in the third quarter. Goldman Sachs Group Inc. now owns 2,318,344 shares of the sporting goods retailer’s stock worth $277,668,000 after purchasing an additional 360,476 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in DICK’S Sporting Goods by 13.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,554,136 shares of the sporting goods retailer’s stock worth $186,139,000 after purchasing an additional 186,174 shares during the period. FMR LLC lifted its position in DICK’S Sporting Goods by 32.4% in the first quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock worth $52,679,000 after purchasing an additional 350,515 shares during the period. Morgan Stanley lifted its position in DICK’S Sporting Goods by 3.1% in the third quarter. Morgan Stanley now owns 446,639 shares of the sporting goods retailer’s stock worth $53,494,000 after purchasing an additional 13,238 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in DICK’S Sporting Goods by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 407,331 shares of the sporting goods retailer’s stock worth $48,786,000 after purchasing an additional 3,166 shares during the period. 78.92% of the stock is owned by hedge funds and other institutional investors.

Shares of DKS stock opened at $102.71 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.88 and a debt-to-equity ratio of 0.92. The company’s fifty day simple moving average is $105.18 and its 200-day simple moving average is $112.47. DICK’S Sporting Goods, Inc. has a 12 month low of $82.81 and a 12 month high of $147.39. The firm has a market cap of $8.90 billion, a PE ratio of 7.40, a P/E/G ratio of 1.58 and a beta of 1.60.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last posted its quarterly earnings results on Tuesday, March 8th. The sporting goods retailer reported $3.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.54 by $0.10. DICK’S Sporting Goods had a net margin of 12.36% and a return on equity of 60.28%. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the firm posted $2.43 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts predict that DICK’S Sporting Goods, Inc. will post 12.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 18th were given a $0.488 dividend. The ex-dividend date was Thursday, March 17th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.90%. DICK’S Sporting Goods’s dividend payout ratio is presently 14.05%.

In other news, CFO Navdeep Gupta sold 9,614 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $104.13, for a total value of $1,001,105.82. Following the sale, the chief financial officer now directly owns 95,272 shares in the company, valued at approximately $9,920,673.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John Edward Hayes III sold 2,352 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $107.39, for a total transaction of $252,581.28. The disclosure for this sale can be found here. Insiders sold 190,886 shares of company stock worth $20,211,002 over the last three months. Insiders own 30.09% of the company’s stock.

A number of research analysts have issued reports on DKS shares. Barclays cut their price objective on DICK’S Sporting Goods from $147.00 to $134.00 in a report on Friday, April 1st. Zacks Investment Research cut DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $108.00 price objective for the company. in a report on Monday. DA Davidson cut their price objective on DICK’S Sporting Goods from $165.00 to $147.00 in a report on Wednesday, March 9th. Cowen lifted their price target on DICK’S Sporting Goods from $161.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, March 9th. Finally, Citigroup lifted their price target on DICK’S Sporting Goods from $161.00 to $170.00 in a report on Wednesday, March 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $137.11.

DICK’S Sporting Goods Profile (Get Rating)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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