CSM Advisors LLC Has $17.08 Million Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

CSM Advisors LLC cut its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,641 shares of the sporting goods retailer's stock after selling 1,600 shares during the period. DICK'S Sporting Goods accounts for 1.1% of CSM Advisors LLC's investment portfolio, making the stock its 28th largest holding. CSM Advisors LLC owned about 0.09% of DICK'S Sporting Goods worth $17,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new stake in shares of DICK'S Sporting Goods during the fourth quarter worth $1,893,210,000. Norges Bank bought a new stake in DICK'S Sporting Goods during the fourth quarter valued at $221,693,000. Wellington Management Group LLP acquired a new stake in DICK'S Sporting Goods during the 4th quarter worth about $125,285,000. KBC Group NV raised its position in shares of DICK'S Sporting Goods by 86.8% in the 4th quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock worth $107,043,000 after acquiring an additional 217,390 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of DICK'S Sporting Goods in the 4th quarter valued at about $23,791,000. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Trading Up 2.7 %

NYSE:DKS opened at $181.08 on Wednesday. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The firm has a 50-day moving average price of $202.75 and a two-hundred day moving average price of $213.26. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results 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 return on equity of 42.00% and a net margin of 8.65%. DICK'S Sporting Goods's quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $3.85 earnings per share. On average, equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.68%. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date was Friday, March 28th. DICK'S Sporting Goods's payout ratio is presently 34.54%.

DICK'S Sporting Goods announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DKS shares. Morgan Stanley raised their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Loop Capital reduced their price objective on shares of DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating for the company in a research report on Thursday, March 13th. TD Cowen boosted their target price 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. Stifel Nicolaus reduced their price target on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, DA Davidson decreased their price target on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and a consensus price target of $244.72.

DICK'S Sporting Goods 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.

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