Westfield Capital Management Co. LP Buys New Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Westfield Capital Management Co. LP bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 26,653 shares of the sporting goods retailer’s stock, valued at approximately $5,562,000.

Other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in shares of 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 valued at $237,697,000 after buying an additional 375,600 shares during the period. KBC Group NV boosted its holdings in shares of DICK’S Sporting Goods by 887.3% during the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock worth $52,253,000 after purchasing an additional 225,015 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of DICK’S Sporting Goods by 19,851.3% during the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock worth $43,512,000 after purchasing an additional 207,446 shares during the last quarter. AQR Capital Management LLC grew its position in shares of DICK’S Sporting Goods by 40.2% in the second quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock valued at $117,103,000 after purchasing an additional 156,227 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in DICK’S Sporting Goods by 65.9% in the second quarter. Los Angeles Capital Management LLC now owns 278,338 shares of the sporting goods retailer’s stock valued at $59,801,000 after purchasing an additional 110,570 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. TD Cowen lifted their price target on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Robert W. Baird restated a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. JPMorgan Chase & Co. increased their price target on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Bank of America boosted their price objective on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, UBS Group upped their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Price Performance

DKS opened at $215.13 on Tuesday. 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 company has a fifty day simple moving average of $205.78 and a 200 day simple moving average of $210.53. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a twelve month low of $119.84 and a twelve 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, beating analysts’ consensus estimates 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 firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the business posted $2.82 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities 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 was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 annualized dividend and a yield of 2.05%. DICK’S Sporting Goods’s dividend payout ratio is presently 32.28%.

DICK’S Sporting Goods Company 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.