Commonwealth Equity Services LLC Has $13.51 Million Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Commonwealth Equity Services LLC grew its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,053 shares of the sporting goods retailer's stock after purchasing an additional 5,521 shares during the period. Commonwealth Equity Services LLC owned approximately 0.07% of DICK'S Sporting Goods worth $13,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC purchased a new position in shares of DICK'S Sporting Goods during the 4th quarter worth approximately $1,893,210,000. Holocene Advisors LP acquired a new position in DICK'S Sporting Goods during the third quarter worth $70,562,000. KBC Group NV boosted its position in shares of DICK'S Sporting Goods by 86.8% during the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock worth $107,043,000 after buying an additional 217,390 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of DICK'S Sporting Goods by 1,718.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer's stock valued at $41,740,000 after buying an additional 189,000 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of DICK'S Sporting Goods in the third quarter valued at $32,093,000. Institutional investors and hedge funds own 89.83% of the company's stock.

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DICK'S Sporting Goods Stock Up 2.1 %

Shares of DKS traded up $3.95 during mid-day trading on Friday, hitting $195.30. 3,647,158 shares of the company's stock were exchanged, compared to its average volume of 1,088,010. The firm has a fifty day moving average of $225.07 and a two-hundred day moving average of $216.84. DICK'S Sporting Goods, Inc. has a twelve month low of $182.84 and a twelve month high of $254.60. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 2.47 and a beta of 1.53. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.15. The firm had revenue of $3.89 billion during 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 revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $3.85 EPS. On average, sell-side analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods declared that its board has initiated a stock buyback program 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 repurchase up to 18.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

DICK'S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $1.2125 per share. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, March 28th. DICK'S Sporting Goods's payout ratio is 34.54%.

Insider Activity

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK'S Sporting Goods stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,933 shares of company stock worth $39,655,456. Corporate insiders own 32.03% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on DKS. Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, March 14th. Loop Capital decreased their target price on DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating for the company in a report on Thursday, March 13th. Morgan Stanley upped their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Robert W. Baird decreased 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 note on Wednesday, March 12th. Finally, Stifel Nicolaus lowered their price objective on DICK'S Sporting Goods from $240.00 to $226.00 and set a "hold" rating for the company in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $245.50.

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.