Asset Management One Co. Ltd. Lowers Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Asset Management One Co. Ltd. cut its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,415 shares of the sporting goods retailer's stock after selling 5,446 shares during the period. Asset Management One Co. Ltd.'s holdings in DICK'S Sporting Goods were worth $5,013,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DKS. Blue Trust Inc. grew its position in shares of DICK'S Sporting Goods by 210.9% during the third quarter. Blue Trust Inc. now owns 998 shares of the sporting goods retailer's stock worth $214,000 after acquiring an additional 677 shares during the last quarter. OLD National Bancorp IN grew its position in shares of DICK'S Sporting Goods by 5.8% during the third quarter. OLD National Bancorp IN now owns 1,903 shares of the sporting goods retailer's stock worth $397,000 after acquiring an additional 105 shares during the last quarter. Copeland Capital Management LLC grew its position in shares of DICK'S Sporting Goods by 2.0% during the third quarter. Copeland Capital Management LLC now owns 166,973 shares of the sporting goods retailer's stock worth $34,847,000 after acquiring an additional 3,285 shares during the last quarter. Signaturefd LLC grew its position in shares of DICK'S Sporting Goods by 13.3% during the third quarter. Signaturefd LLC now owns 979 shares of the sporting goods retailer's stock worth $204,000 after acquiring an additional 115 shares during the last quarter. Finally, Eastern Bank purchased a new position in shares of DICK'S Sporting Goods during the third quarter worth approximately $267,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $6.80 during midday trading on Friday, hitting $224.70. 1,175,056 shares of the stock were exchanged, compared to its average volume of 899,847. The stock has a market cap of $18.31 billion, a P/E ratio of 16.06, a PEG ratio of 2.47 and a beta of 1.57. 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 twelve month low of $165.75 and a twelve month high of $254.60. The company has a 50 day moving average price of $232.99 and a 200-day moving average price of $219.15.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $2.85 EPS. The business's revenue was up .5% on a year-over-year basis. On average, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's payout ratio is 31.45%.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of analyst reports. Morgan Stanley lifted 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 report on Tuesday, January 21st. Wedbush reiterated a "neutral" rating and issued a $215.00 price objective (down from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. UBS Group upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Finally, TD Cowen lifted their price objective on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $248.09.

Insider Activity at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods stock in a transaction dated Monday, January 6th. The stock was 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 owns 8,362,128 shares in the company, valued at $1,917,017,844. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK'S Sporting Goods stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now owns 16,504 shares of the company's stock, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is owned by 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.