Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $1.13 Million Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 23.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,507 shares of the sporting goods retailer’s stock after purchasing an additional 1,031 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in DICK’S Sporting Goods were worth $1,126,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in DICK’S Sporting Goods by 12.5% during the first quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer’s stock valued at $22,009,000 after purchasing an additional 10,894 shares during the last quarter. Quadrature Capital Ltd acquired a new position in DICK’S Sporting Goods during the first quarter valued at approximately $7,690,000. SG Americas Securities LLC boosted its position in DICK’S Sporting Goods by 65.5% during the first quarter. SG Americas Securities LLC now owns 9,792 shares of the sporting goods retailer’s stock valued at $2,202,000 after purchasing an additional 3,875 shares during the last quarter. Principal Financial Group Inc. boosted its position in DICK’S Sporting Goods by 5.5% during the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock valued at $51,446,000 after purchasing an additional 12,396 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of DICK’S Sporting Goods in the first quarter valued at approximately $1,670,000. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $200.81 on Thursday. The stock’s fifty day moving average price is $214.49 and its two-hundred day moving average price is $210.61. DICK’S Sporting Goods, Inc. has a one year low of $104.00 and a one year high of $239.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The firm has a market cap of $16.36 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 2.31 and a beta of 1.62.

DICK’S Sporting Goods (NYSE:DKS) last issued 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. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the company posted $2.82 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.19%. DICK’S Sporting Goods’s payout ratio is 36.42%.

Analyst Ratings Changes

DKS has been the subject of a number of recent analyst reports. TD Cowen raised their price objective 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. Bank of America raised their price objective on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Loop Capital raised their price objective on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report 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 for the company in a research report on Thursday, September 5th. Finally, Telsey Advisory Group raised their price objective on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods 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.