BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 4,049 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 56.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,275 shares of the sporting goods retailer’s stock after buying an additional 4,049 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in DICK’S Sporting Goods were worth $2,422,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of DICK’S Sporting Goods by 1.5% in the fourth quarter. US Bancorp DE now owns 4,901 shares of the sporting goods retailer’s stock valued at $720,000 after acquiring an additional 71 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $178,000. Hsbc Holdings PLC raised its stake in shares of DICK’S Sporting Goods by 21.7% during the 4th quarter. Hsbc Holdings PLC now owns 21,722 shares of the sporting goods retailer’s stock worth $3,192,000 after purchasing an additional 3,880 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of DICK’S Sporting Goods by 51.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,692 shares of the sporting goods retailer’s stock valued at $543,000 after buying an additional 1,249 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of DICK’S Sporting Goods by 33.8% in the fourth quarter. TD Asset Management Inc now owns 11,850 shares of the sporting goods retailer’s stock valued at $1,741,000 after buying an additional 2,995 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on DKS shares. Citigroup dropped their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Barclays raised their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Robert W. Baird reaffirmed a “neutral” rating and issued a $235.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Finally, UBS Group increased their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Stock Down 3.7 %

DKS stock opened at $209.14 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The company has a market cap of $17.04 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. The business has a 50-day simple moving average of $215.69 and a 200 day simple moving average of $211.66. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.60. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 EPS. Sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a $1.10 dividend. The ex-dividend date is Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.10%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the transaction, the director now directly owns 5,609 shares in the company, valued at approximately $1,159,099.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 32.03% of the stock is owned by company insiders.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.