Alpha DNA Investment Management LLC Has $588,000 Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Alpha DNA Investment Management LLC trimmed its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 33.7% during the fourth quarter, HoldingsChannel reports. The fund owned 2,571 shares of the sporting goods retailer’s stock after selling 1,306 shares during the period. Alpha DNA Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $588,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Wealthfront Advisers LLC bought a new position in DICK’S Sporting Goods during the 4th quarter worth about $1,893,210,000. Charles Schwab Investment Management Inc. boosted its position in shares of DICK’S Sporting Goods by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer’s stock worth $427,056,000 after buying an additional 77,357 shares during the period. Geode Capital Management LLC grew its holdings in shares of DICK’S Sporting Goods by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer’s stock worth $241,660,000 after buying an additional 15,011 shares in the last quarter. Norges Bank acquired a new stake in DICK’S Sporting Goods in the 4th quarter valued at approximately $221,693,000. Finally, JPMorgan Chase & Co. lifted its stake in DICK’S Sporting Goods by 5.1% in the 4th quarter. JPMorgan Chase & Co. now owns 652,838 shares of the sporting goods retailer’s stock valued at $149,396,000 after acquiring an additional 31,919 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $185.33 on Friday. The company has a market cap of $14.80 billion, a P/E ratio of 13.25, a P/E/G ratio of 2.47 and a beta of 1.32. The firm’s fifty day moving average price is $206.44 and its two-hundred day moving average price is $213.79. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one 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.

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

DICK’S Sporting Goods declared that its board has authorized a stock repurchase program on Tuesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $1.2125 per share. 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 2.62%. The ex-dividend date was Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 34.54%.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of recent research reports. TD Cowen lifted their price objective on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Citigroup reaffirmed a “neutral” rating and issued a $220.00 target price (down previously from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Argus boosted their price target on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Loop Capital decreased their price objective on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating for the company in a report on Thursday, March 13th. Finally, Guggenheim reiterated a “neutral” rating on shares of DICK’S Sporting Goods in a report on Wednesday, March 12th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus price target of $244.72.

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.