DICK’S Sporting Goods, Inc. (NYSE:DKS) Stake Raised by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 29.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,322 shares of the sporting goods retailer’s stock after purchasing an additional 1,650 shares during the period. Toronto Dominion Bank’s holdings in DICK’S Sporting Goods were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission.

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

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $223.39 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The firm has a market cap of $18.20 billion, a PE ratio of 15.97, a PEG ratio of 2.52 and a beta of 1.61. The firm’s 50 day moving average price is $206.41 and its 200 day moving average price is $212.39. DICK’S Sporting Goods, Inc. has a twelve month low of $137.06 and a twelve month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly 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. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $2.85 EPS. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lifted their target price on shares of 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. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Loop Capital raised their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI reissued an “outperform” rating and set a $280.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

About DICK’S Sporting Goods

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.