Benjamin Edwards Inc. Purchases Shares of 2,401 DICK'S Sporting Goods, Inc. (NYSE:DKS)

Benjamin Edwards Inc. purchased a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,401 shares of the sporting goods retailer's stock, valued at approximately $501,000.

Other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in shares of DICK'S Sporting Goods in the 3rd quarter valued at about $422,000. True Wealth Design LLC raised its stake in DICK'S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock worth $31,000 after buying an additional 145 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its holdings in DICK'S Sporting Goods by 2.5% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 8,246 shares of the sporting goods retailer's stock worth $1,721,000 after buying an additional 200 shares during the period. Edgestream Partners L.P. bought a new stake in DICK'S Sporting Goods during the 3rd quarter valued at $895,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of DICK'S Sporting Goods in the 3rd quarter valued at $32,093,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Trading Down 1.3 %

Shares of NYSE DKS traded down $2.82 during trading on Monday, reaching $214.27. The stock had a trading volume of 1,360,332 shares, compared to its average volume of 1,103,735. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a market cap of $17.46 billion, a P/E ratio of 15.32, a PEG ratio of 2.47 and a beta of 1.61. DICK'S Sporting Goods, Inc. has a fifty-two week low of $136.92 and a fifty-two week high of $239.30. The business's 50-day moving average price is $205.53 and its 200-day moving average price is $211.85.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business 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 company earned $2.85 earnings per share. The business's quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 2.05%. DICK'S Sporting Goods's payout ratio is 31.45%.

Analyst Ratings Changes

Several research firms have issued reports on DKS. Truist Financial lifted their target price on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Citigroup reduced their price objective on shares of DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company cut their price target on shares of DICK'S Sporting Goods from $230.00 to $227.00 and set an "equal weight" rating on the stock in a report on Monday, August 12th. Barclays upped their price target on DICK'S Sporting Goods from $247.00 to $254.00 and gave the stock an "overweight" rating in a research report on Thursday, September 5th. Finally, Wedbush restated a "neutral" rating and set a $215.00 target price (down from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and an average target price of $244.95.

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.