Ostrum Asset Management Purchases New Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Ostrum Asset Management bought a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,470 shares of the sporting goods retailer's stock, valued at approximately $565,000.

Several other large investors also recently added to or reduced their stakes in DKS. New Wave Wealth Advisors LLC acquired a new stake in DICK'S Sporting Goods during the 4th quarter worth about $28,000. Rialto Wealth Management LLC purchased a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC increased its stake in DICK'S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock valued at $32,000 after buying an additional 118 shares during the period. Bessemer Group Inc. boosted its stake in shares of DICK'S Sporting Goods by 108.6% during the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock valued at $33,000 after buying an additional 76 shares during the period. Finally, Promus Capital LLC purchased a new position in shares of DICK'S Sporting Goods during the 4th quarter valued at $48,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DKS has been the subject of several recent research reports. TD Cowen increased their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Wedbush reaffirmed a "neutral" rating and set a $215.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. StockNews.com downgraded DICK'S Sporting Goods from a "hold" rating to a "sell" rating in a report on Tuesday. Argus raised their price objective on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, DA Davidson decreased their target price on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and an average price target of $244.72.

DICK'S Sporting Goods Stock Performance

NYSE DKS traded down $1.52 during trading on Friday, hitting $187.99. The company's stock had a trading volume of 586,378 shares, compared to its average volume of 1,364,069. 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 firm has a market cap 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 firm has a 50 day moving average price of $200.71 and a 200 day moving average price of $212.95. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.15. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm posted $3.85 EPS. The business's revenue was up .5% on a year-over-year basis. Equities research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

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.

DICK'S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.58%. DICK'S Sporting Goods's payout ratio is 34.54%.

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.