DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) by 210.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 998 shares of the sporting goods retailer’s stock after acquiring an additional 677 shares during the period. Blue Trust Inc.’s holdings in DICK’S Sporting Goods were worth $214,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DKS. ICA Group Wealth Management LLC acquired a new stake in DICK’S Sporting Goods in the 2nd quarter valued at approximately $28,000. Covestor Ltd raised its holdings in shares of DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares during the period. Innealta Capital LLC acquired a new position in DICK’S Sporting Goods during the 2nd quarter worth about $31,000. ORG Partners LLC purchased a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $30,000. Finally, ORG Wealth Partners LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at about $30,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Down 0.1 %

NYSE:DKS opened at $204.38 on Friday. The company has a market capitalization of $16.65 billion, a PE ratio of 16.92, a P/E/G ratio of 2.31 and a beta of 1.62. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $239.30. The stock’s 50 day moving average price is $216.06 and its 200 day moving average price is $210.64. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last announced its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period last year, the firm posted $2.82 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.15%. DICK’S Sporting Goods’s payout ratio is 36.42%.

Analyst Upgrades and Downgrades

DKS has been the subject of several recent research reports. Evercore ISI reissued an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Citigroup cut their price objective on 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. JPMorgan Chase & Co. boosted their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. TD Cowen increased their price target on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Barclays boosted their price objective on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $244.62.

Get Our Latest Stock Analysis on DICK’S Sporting Goods

DICK’S Sporting Goods Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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