AlphaQuest LLC Has $219,000 Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

AlphaQuest LLC decreased its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 76.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 958 shares of the sporting goods retailer's stock after selling 3,192 shares during the period. AlphaQuest LLC's holdings in DICK'S Sporting Goods were worth $219,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp increased its holdings in shares of DICK'S Sporting Goods by 1.2% during the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer's stock valued at $473,945,000 after acquiring an additional 27,155 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in DICK'S Sporting Goods by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer's stock valued at $427,056,000 after purchasing an additional 77,357 shares during the period. Geode Capital Management LLC boosted its stake in DICK'S Sporting Goods by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock valued at $217,169,000 after purchasing an additional 10,640 shares during the period. KBC Group NV boosted its stake in DICK'S Sporting Goods by 86.8% during the 4th quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock valued at $107,043,000 after purchasing an additional 217,390 shares during the period. Finally, Amundi boosted its stake in DICK'S Sporting Goods by 3.1% during the 4th quarter. Amundi now owns 377,660 shares of the sporting goods retailer's stock valued at $86,870,000 after purchasing an additional 11,249 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

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DICK'S Sporting Goods Trading Down 3.5 %

DKS stock traded down $6.87 during midday trading on Thursday, hitting $191.25. 1,472,712 shares of the company's stock were exchanged, compared to its average volume of 1,083,869. The company has a market cap of $15.58 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The stock's fifty day moving average price is $226.60 and its 200-day moving average price is $217.31. DICK'S Sporting Goods, Inc. has a one year low of $182.84 and a one year high of $254.60. 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, beating analysts' consensus estimates of $3.47 by $0.15. The company 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%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.85 earnings per share. Research analysts predict 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.54%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, March 28th. DICK'S Sporting Goods's payout ratio is 34.54%.

DICK'S Sporting Goods announced that its board has initiated a share repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to buy up to 18.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently weighed in on DKS shares. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Robert W. Baird reduced their price objective on DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Truist Financial set a $245.00 price objective on DICK'S Sporting Goods in a research report on Tuesday, March 11th. Finally, Wedbush reiterated a "neutral" rating and issued a $215.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.50.

Insider Activity

In related 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 sale, the chairman now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock worth $39,655,456 over the last three months. Corporate insiders own 32.03% of the company's stock.

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.