Geode Capital Management LLC Acquires 10,640 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Geode Capital Management LLC grew its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,042,782 shares of the sporting goods retailer’s stock after acquiring an additional 10,640 shares during the quarter. Geode Capital Management LLC owned 1.28% of DICK’S Sporting Goods worth $217,169,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DKS. Renaissance Technologies LLC lifted its stake in DICK’S Sporting Goods by 51.4% in the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after purchasing an additional 375,600 shares during the last quarter. Holocene Advisors LP bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at about $70,562,000. KBC Group NV lifted its stake in shares of DICK’S Sporting Goods by 887.3% in the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock valued at $52,253,000 after acquiring an additional 225,015 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in DICK’S Sporting Goods by 19,851.3% during the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock valued at $43,512,000 after acquiring an additional 207,446 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in DICK’S Sporting Goods by 1,718.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock worth $41,740,000 after acquiring an additional 189,000 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Up 2.6 %

Shares of DICK’S Sporting Goods stock opened at $223.39 on Friday. DICK’S Sporting Goods, Inc. has a 1 year low of $137.06 and a 1 year high of $239.30. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.52 and a beta of 1.61. The company has a 50-day moving average of $206.41 and a 200 day moving average of $212.48. 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 earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the firm earned $2.85 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Bank of America increased their price objective on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Citigroup dropped their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. JPMorgan Chase & Co. boosted their price objective on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their target price for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Robert W. Baird restated a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.95.

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.