American Century Companies Inc. Has $25.78 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

American Century Companies Inc. lifted its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,664 shares of the sporting goods retailer's stock after purchasing an additional 9,146 shares during the period. American Century Companies Inc. owned approximately 0.14% of DICK'S Sporting Goods worth $25,782,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Marion Wealth Management acquired a new position in DICK'S Sporting Goods during the 4th quarter worth $545,000. Argus Investors Counsel Inc. bought a new stake in shares of DICK'S Sporting Goods during the fourth quarter worth $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of DICK'S Sporting Goods by 78.2% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer's stock valued at $2,631,000 after acquiring an additional 5,046 shares during the period. Bridgewater Associates LP boosted its holdings in DICK'S Sporting Goods by 245.7% in the third quarter. Bridgewater Associates LP now owns 6,002 shares of the sporting goods retailer's stock valued at $1,253,000 after acquiring an additional 4,266 shares during the last quarter. Finally, Principal Securities Inc. increased its position in DICK'S Sporting Goods by 11.8% in the fourth quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock worth $821,000 after purchasing an additional 380 shares during the period. 89.83% of the stock is owned by institutional investors.

DICK'S Sporting Goods Stock Down 12.5 %

Shares of DKS stock traded down $26.43 on Thursday, hitting $184.89. 4,149,071 shares of the stock were exchanged, compared to its average volume of 1,124,328. DICK'S Sporting Goods, Inc. has a fifty-two week low of $176.81 and a fifty-two week 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 business has a 50-day moving average of $220.38 and a 200 day moving average of $216.23. The firm has a market capitalization of $15.06 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.15. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.85 earnings per share. Equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $1.2125 dividend. The ex-dividend date is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.62%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's payout ratio is currently 34.54%.

DICK'S Sporting Goods declared that its board has authorized a stock repurchase program on Tuesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

DKS has been the topic of several recent research reports. Guggenheim reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. 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 report on Wednesday, March 12th. Argus increased their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Stifel Nicolaus reduced their price target on DICK'S Sporting Goods from $240.00 to $226.00 and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $250.00 price objective on shares of DICK'S Sporting Goods in a report on Friday, March 14th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.50.

Insider Buying and Selling

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now owns 16,504 shares of the company's stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. 32.03% of the stock is currently owned by corporate insiders.

DICK'S Sporting Goods Company 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.