Asset Management One Co. Ltd. Purchases 2,630 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Asset Management One Co. Ltd. increased its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 10.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 26,861 shares of the sporting goods retailer's stock after acquiring an additional 2,630 shares during the period. Asset Management One Co. Ltd.'s holdings in DICK'S Sporting Goods were worth $5,606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DKS. ICA Group Wealth Management LLC bought a new stake in shares of DICK'S Sporting Goods in the 2nd quarter worth approximately $28,000. Covestor Ltd raised its position in DICK'S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer's stock worth $30,000 after acquiring an additional 55 shares in the last quarter. ORG Partners LLC bought a new stake in DICK'S Sporting Goods during the second quarter worth approximately $30,000. ORG Wealth Partners LLC bought a new stake in shares of DICK'S Sporting Goods during the 3rd quarter worth $30,000. Finally, Innealta Capital LLC acquired a new stake in DICK'S Sporting Goods during the 2nd quarter worth about $31,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Trading Up 1.5 %

Shares of DKS stock traded up $2.96 during trading hours on Friday, reaching $202.94. The company had a trading volume of 727,641 shares, compared to its average volume of 735,783. DICK'S Sporting Goods, Inc. has a 1-year low of $110.07 and a 1-year high of $239.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The company has a 50 day moving average of $209.06 and a 200 day moving average of $210.53. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 2.22 and a beta of 1.64.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (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 the consensus estimate of $3.44 billion. DICK'S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $2.82 earnings per share. On average, equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Friday, September 20th. DICK'S Sporting Goods's payout ratio is presently 32.28%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DKS. JPMorgan Chase & Co. increased their price objective on 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. DA Davidson reiterated a "buy" rating and issued a $265.00 target price on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Telsey Advisory Group raised their price objective on shares of DICK'S Sporting Goods from $255.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. Robert W. Baird reiterated a "neutral" rating and issued a $235.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, August 28th. Finally, Wedbush reissued a "neutral" rating and issued a $250.00 target price on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $244.62.

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.