First Trust Advisors LP Has $105.95 Million Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

First Trust Advisors LP raised its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 16.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 462,983 shares of the sporting goods retailer's stock after acquiring an additional 65,786 shares during the quarter. First Trust Advisors LP owned approximately 0.57% of DICK'S Sporting Goods worth $105,949,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. XTX Topco Ltd bought a new stake in DICK'S Sporting Goods during the 4th quarter worth about $485,000. Marion Wealth Management acquired a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $545,000. Argus Investors Counsel Inc. bought a new position in DICK'S Sporting Goods in the fourth quarter valued at approximately $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of DICK'S Sporting Goods by 78.2% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer's stock worth $2,631,000 after purchasing an additional 5,046 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of DICK'S Sporting Goods by 11.8% in the 4th quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock valued at $821,000 after buying an additional 380 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DKS shares. Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 price objective on shares of DICK'S Sporting Goods in a research report on Friday, March 14th. Wedbush reissued a "neutral" rating and set a $215.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Stifel Nicolaus reduced their target price 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. 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. Finally, StockNews.com downgraded shares of DICK'S Sporting Goods from a "hold" rating to a "sell" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $244.72.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $1.52 during midday trading on Friday, hitting $187.99. The stock had a trading volume of 586,396 shares, compared to its average volume of 1,161,847. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $15.01 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 2.47 and a beta of 1.32. The company's 50-day moving average price is $199.77 and its 200-day moving average price is $212.83. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released 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 analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $3.85 earnings per share. As a group, equities research analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The business also recently disclosed 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 yield of 2.58%. This is a boost 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 is currently 34.54%.

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

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.