Fmr LLC Increases Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Fmr LLC raised its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,655,147 shares of the sporting goods retailer’s stock after purchasing an additional 14,764 shares during the quarter. Fmr LLC owned 0.11% of DICK’S Sporting Goods worth $1,806,329,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in DICK’S Sporting Goods by 5.5% during the 2nd 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 in the last quarter. Swedbank AB acquired a new stake in DICK’S Sporting Goods during the 1st quarter valued at approximately $1,670,000. Kerusso Capital Management LLC acquired a new stake in DICK’S Sporting Goods during the 3rd quarter valued at approximately $1,554,000. &PARTNERS acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at approximately $309,000. Finally, National Pension Service acquired a new stake in DICK’S Sporting Goods during the 3rd quarter valued at approximately $4,195,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 1.4 %

Shares of DICK’S Sporting Goods stock opened at $212.28 on Wednesday. The business’s fifty day moving average price is $205.78 and its two-hundred day moving average price is $210.53. 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 company has a market capitalization of $17.28 billion, a P/E ratio of 15.57, a PEG ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 1-year low of $119.84 and a 1-year high of $239.30.

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 the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.85 EPS. As a group, research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s payout ratio is currently 32.28%.

Analyst Ratings Changes

A number of brokerages have weighed in on DKS. JPMorgan Chase & Co. raised their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Wells Fargo & Company decreased their target price on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. TD Cowen lifted their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday. Finally, Evercore ISI reiterated an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.