4,289 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,289 shares of the sporting goods retailer's stock, valued at approximately $895,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in DICK'S Sporting Goods by 5.5% during the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer's stock worth $51,446,000 after buying an additional 12,396 shares in the last quarter. Kerusso Capital Management LLC purchased a new position in shares of DICK'S Sporting Goods in the 3rd quarter valued at about $1,554,000. &PARTNERS acquired a new position in DICK'S Sporting Goods in the 2nd quarter worth about $309,000. National Pension Service purchased a new position in DICK'S Sporting Goods during the third quarter worth approximately $4,195,000. Finally, Harbor Capital Advisors Inc. grew its holdings in DICK'S Sporting Goods by 215.5% in the second quarter. Harbor Capital Advisors Inc. now owns 3,991 shares of the sporting goods retailer's stock valued at $857,000 after purchasing an additional 2,726 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DKS. JPMorgan Chase & Co. boosted 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 note on Monday, September 9th. Robert W. Baird restated a "neutral" rating and issued a $235.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, August 28th. Citigroup dropped their price target 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. Loop Capital raised their price objective on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Finally, Barclays increased their target price on shares of DICK'S Sporting Goods from $247.00 to $254.00 and gave the company an "overweight" rating in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.95.

DICK'S Sporting Goods Trading Down 1.4 %

DKS stock traded down $2.89 during trading on Thursday, reaching $208.72. 988,290 shares of the stock traded hands, compared to its average volume of 1,100,082. The business's 50 day moving average price is $205.43 and its 200-day moving average price is $211.15. The firm has a market capitalization of $16.99 billion, a PE ratio of 15.13, a P/E/G ratio of 2.38 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK'S Sporting Goods, Inc. has a 52-week low of $136.44 and a 52-week high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter in the prior year, the firm posted $2.85 earnings per share. DICK'S Sporting Goods's revenue for the quarter was up .5% compared to the same quarter last year. As a group, sell-side analysts forecast that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 2.11%. DICK'S Sporting Goods's dividend payout ratio is presently 31.45%.

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.