DICK’S Sporting Goods, Inc. (NYSE:DKS) is McBroom & Associates LLC’s 6th Largest Position

McBroom & Associates LLC lessened its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.6% in the first quarter, Holdings Channel reports. The fund owned 43,911 shares of the sporting goods retailer’s stock after selling 1,652 shares during the quarter. DICK’S Sporting Goods makes up about 5.1% of McBroom & Associates LLC’s holdings, making the stock its 6th biggest holding. McBroom & Associates LLC’s holdings in DICK’S Sporting Goods were worth $8,851,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DKS. Valeo Financial Advisors LLC boosted its stake in shares of DICK’S Sporting Goods by 41.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,589 shares of the sporting goods retailer’s stock valued at $364,000 after buying an additional 469 shares during the last quarter. PUREfi Wealth LLC purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at approximately $315,000. Principal Securities Inc. boosted its stake in shares of DICK’S Sporting Goods by 11.8% during 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. Principal Financial Group Inc. boosted its stake in shares of DICK’S Sporting Goods by 2.5% during the 4th quarter. Principal Financial Group Inc. now owns 187,068 shares of the sporting goods retailer’s stock valued at $42,809,000 after buying an additional 4,491 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of DICK’S Sporting Goods by 2.4% during the 4th quarter. Sanctuary Advisors LLC now owns 49,506 shares of the sporting goods retailer’s stock valued at $12,378,000 after buying an additional 1,142 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

DKS has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on DICK’S Sporting Goods from $224.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday, May 29th. Gordon Haskett lowered DICK’S Sporting Goods from a “buy” rating to a “reduce” rating and set a $170.00 price target on the stock. in a research report on Friday, May 16th. 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. Loop Capital dropped their price target on DICK’S Sporting Goods from $195.00 to $180.00 and set a “hold” rating on the stock in a research report on Friday, May 16th. Finally, DA Davidson dropped their price target on DICK’S Sporting Goods from $273.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $220.11.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $176.38 on Friday. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. 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 business’s fifty day moving average price is $184.82 and its two-hundred day moving average price is $208.21. The firm has a market capitalization of $14.09 billion, a PE ratio of 12.61, a P/E/G ratio of 2.47 and a beta of 1.07.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. On average, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, June 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 34.69%.

DICK’S Sporting Goods declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding 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 usually a sign that the company’s board believes its shares are undervalued.

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.