Guggenheim Capital LLC Sells 1,899 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Guggenheim Capital LLC lowered its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 20.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,345 shares of the sporting goods retailer's stock after selling 1,899 shares during the quarter. Guggenheim Capital LLC's holdings in DICK'S Sporting Goods were worth $1,681,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust lifted its stake in DICK'S Sporting Goods by 3.0% during the fourth quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer's stock worth $394,000 after purchasing an additional 50 shares during the last quarter. Independent Advisor Alliance raised its holdings in shares of DICK'S Sporting Goods by 5.4% during the 4th quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock worth $235,000 after buying an additional 53 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of DICK'S Sporting Goods by 2.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer's stock worth $577,000 after buying an additional 54 shares during the last quarter. Stonegate Investment Group LLC boosted its stake in DICK'S Sporting Goods by 2.9% in the fourth quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer's stock valued at $473,000 after buying an additional 58 shares in the last quarter. Finally, IFP Advisors Inc grew its position in DICK'S Sporting Goods by 9.4% in the fourth quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer's stock valued at $176,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Up 2.0 %

Shares of NYSE:DKS traded up $3.56 during trading on Wednesday, reaching $184.37. 1,310,039 shares of the stock were exchanged, compared to its average volume of 1,159,947. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The stock has a fifty day moving average of $202.75 and a two-hundred day moving average of $213.26. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a market cap of $14.72 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $0.15. The firm had revenue of $3.89 billion during the quarter, compared to analysts' expectations of $3.76 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business's revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $3.85 earnings per share. Research analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.63%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.54%.

DICK'S Sporting Goods announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DKS shares. Morgan Stanley lifted their price target on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. TD Cowen raised their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Citigroup reiterated a "neutral" rating and issued a $220.00 target price (down from $230.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Stifel Nicolaus lowered their price objective on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Finally, Loop Capital dropped 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 report on Thursday, March 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.