Truvestments Capital LLC Raises Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Truvestments Capital LLC lifted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 8.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,294 shares of the sporting goods retailer’s stock after buying an additional 328 shares during the period. Truvestments Capital LLC’s holdings in DICK’S Sporting Goods were worth $896,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DKS. ORG Partners LLC increased its position in shares of DICK’S Sporting Goods by 37.0% during the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock valued at $42,000 after purchasing an additional 54 shares during the last quarter. CIBC Asset Management Inc boosted its stake in DICK’S Sporting Goods by 1.7% during the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after buying an additional 54 shares during the period. Quent Capital LLC boosted its stake in DICK’S Sporting Goods by 0.6% during the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock worth $2,095,000 after buying an additional 57 shares during the period. Vista Capital Partners Inc. increased its position in DICK’S Sporting Goods by 5.7% during the second quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock valued at $227,000 after acquiring an additional 57 shares during the last quarter. Finally, Range Financial Group LLC raised its stake in shares of DICK’S Sporting Goods by 0.8% in the second quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer’s stock valued at $2,017,000 after acquiring an additional 75 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DKS. Loop Capital lifted their price target on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Citigroup dropped their target price 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. Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. UBS Group boosted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. upped their price objective on 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 investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $217.25 on Monday. The company has a market capitalization of $17.69 billion, a PE ratio of 15.42, a P/E/G ratio of 2.39 and a beta of 1.64. The company has a 50-day simple moving average of $205.72 and a two-hundred day simple moving average of $210.41. DICK’S Sporting Goods, Inc. has a one year low of $119.84 and a one year high of $239.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate of $3.77 by $0.60. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. DICK’S Sporting Goods’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.82 EPS. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.03%. DICK’S Sporting Goods’s payout ratio is 32.28%.

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.