DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Twinbeech Capital LP

Twinbeech Capital LP cut its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 94.1% during the fourth quarter, HoldingsChannel reports. The fund owned 2,799 shares of the sporting goods retailer’s stock after selling 44,495 shares during the period. Twinbeech Capital LP’s holdings in DICK’S Sporting Goods were worth $641,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC acquired a new position in DICK’S Sporting Goods in the fourth quarter valued at approximately $1,893,210,000. Charles Schwab Investment Management Inc. lifted its holdings in DICK’S Sporting Goods by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer’s stock valued at $427,056,000 after acquiring an additional 77,357 shares during the last quarter. Geode Capital Management LLC lifted its holdings in DICK’S Sporting Goods by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer’s stock valued at $241,660,000 after acquiring an additional 15,011 shares during the last quarter. Norges Bank acquired a new position in DICK’S Sporting Goods in the fourth quarter valued at approximately $221,693,000. Finally, Dimensional Fund Advisors LP lifted its holdings in DICK’S Sporting Goods by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer’s stock valued at $201,768,000 after acquiring an additional 86,064 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Down 1.9%

Shares of NYSE DKS opened at $172.57 on Friday. The stock has a market cap of $13.78 billion, a P/E ratio of 12.34, a PEG ratio of 2.47 and a beta of 1.16. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The business’s fifty day simple moving average is $190.82 and its 200-day simple moving average is $210.81.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.15. The business had revenue of $3.89 billion for 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 revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $3.85 earnings per share. As a group, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods announced that its board has authorized a share buyback plan on Tuesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors 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 paid a $1.2125 dividend. The ex-dividend date 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 dividend on an annualized basis and a yield of 2.81%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 34.54%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. DA Davidson restated a “buy” rating and set a $273.00 price target on shares of DICK’S Sporting Goods in a research note on Friday, May 16th. Stifel Nicolaus decreased their price target on DICK’S Sporting Goods from $226.00 to $192.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. Argus upped their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Guggenheim restated a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, March 12th. Finally, Wedbush restated 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods has a consensus rating of “Hold” and an average price target of $229.47.

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.