Dimensional Fund Advisors LP Has $201.77 Million Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Dimensional Fund Advisors LP grew its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 881,620 shares of the sporting goods retailer's stock after buying an additional 86,064 shares during the period. Dimensional Fund Advisors LP owned 1.08% of DICK'S Sporting Goods worth $201,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Dnca Finance lifted its stake in shares of DICK'S Sporting Goods by 133.9% in the 4th quarter. Dnca Finance now owns 407 shares of the sporting goods retailer's stock valued at $93,000 after purchasing an additional 233 shares during the period. First Trust Advisors LP boosted its stake in DICK'S Sporting Goods by 16.6% during the fourth quarter. First Trust Advisors LP now owns 462,983 shares of the sporting goods retailer's stock worth $105,949,000 after acquiring an additional 65,786 shares in the last quarter. Freedom Investment Management Inc. grew its holdings in DICK'S Sporting Goods by 3.9% in the fourth quarter. Freedom Investment Management Inc. now owns 6,074 shares of the sporting goods retailer's stock worth $1,390,000 after purchasing an additional 228 shares during the period. GeoWealth Management LLC increased its stake in DICK'S Sporting Goods by 17.3% in the fourth quarter. GeoWealth Management LLC now owns 785 shares of the sporting goods retailer's stock valued at $180,000 after purchasing an additional 116 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of DICK'S Sporting Goods during the 4th quarter worth about $2,426,000. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DKS has been the topic of a number of research reports. Loop Capital dropped their price target on DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a research note on Thursday, March 13th. TD Cowen lifted their price target 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. Morgan Stanley upped their price objective on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Citigroup reiterated a "neutral" rating and set a $220.00 price objective (down from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $244.72.

DICK'S Sporting Goods Price Performance

DKS opened at $181.08 on Wednesday. The firm has a market cap of $14.46 billion, a P/E ratio of 12.94, a PEG 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, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The firm has a 50-day moving average of $202.75 and a 200 day moving average of $213.26.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.15. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business posted $3.85 EPS. DICK'S Sporting Goods's quarterly revenue was up .5% compared to the same quarter last year. On average, research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $1.2125 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $4.85 annualized dividend and a yield of 2.68%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.54%.

DICK'S Sporting Goods declared that its Board of Directors has authorized a share repurchase program on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

About DICK'S Sporting Goods

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.