Advisor Resource Council Buys Shares of 1,297 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Advisor Resource Council acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,297 shares of the sporting goods retailer’s stock, valued at approximately $271,000.

A number of other hedge funds have also bought and sold shares of DKS. Russell Investments Group Ltd. grew its position in shares of DICK’S Sporting Goods by 12.5% during the 1st quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer’s stock worth $22,009,000 after buying an additional 10,894 shares during the period. Quadrature Capital Ltd acquired a new stake in DICK’S Sporting Goods in the first quarter worth $7,690,000. SG Americas Securities LLC grew its holdings in DICK’S Sporting Goods by 65.5% in the first quarter. SG Americas Securities LLC now owns 9,792 shares of the sporting goods retailer’s stock worth $2,202,000 after purchasing an additional 3,875 shares during the period. Principal Financial Group Inc. increased its stake in DICK’S Sporting Goods by 5.5% in 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 in the last quarter. Finally, Swedbank AB acquired a new position in shares of DICK’S Sporting Goods during the first quarter valued at about $1,670,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 2.5 %

Shares of NYSE DKS opened at $199.95 on Friday. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average of $209.75 and a 200-day moving average of $210.50. The firm has a market capitalization of $16.28 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 2.24 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 12 month low of $110.07 and a 12 month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 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 firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared 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 2.20%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 32.28%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays boosted their price objective on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. DA Davidson restated a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Loop Capital raised their price objective on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised their price target 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. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average price target 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.