Caisse DE Depot ET Placement DU Quebec Takes $32.09 Million Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Caisse DE Depot ET Placement DU Quebec acquired a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 153,777 shares of the sporting goods retailer's stock, valued at approximately $32,093,000. Caisse DE Depot ET Placement DU Quebec owned 0.19% of DICK'S Sporting Goods as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DKS. ORG Partners LLC boosted its stake in DICK'S Sporting Goods by 37.0% in the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer's stock worth $42,000 after purchasing an additional 54 shares during the period. CIBC Asset Management Inc boosted its position in shares of 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 acquiring an additional 54 shares during the last quarter. Vista Capital Partners Inc. grew its stake 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 in the last quarter. Range Financial Group LLC increased its holdings in DICK'S Sporting Goods by 0.8% in the 2nd 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 last quarter. Finally, First Citizens Bank & Trust Co. lifted its stake in DICK'S Sporting Goods by 5.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,907 shares of the sporting goods retailer's stock worth $398,000 after purchasing an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Trading Up 3.9 %

Shares of NYSE DKS traded up $8.12 during mid-day trading on Monday, reaching $215.36. The company had a trading volume of 1,879,686 shares, compared to its average volume of 1,095,764. The stock has a market cap of $17.53 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.64. DICK'S Sporting Goods, Inc. has a 52 week low of $136.44 and a 52 week high of $239.30. The business's 50-day moving average is $205.65 and its 200-day moving average is $210.92. The company has a current ratio of 1.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $3.03 billion. During the same period in the prior year, the firm earned $2.85 EPS. The company's revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 31.45%.

Analyst Ratings Changes

DKS has been the topic of several research reports. Robert W. Baird reaffirmed a "neutral" rating and issued a $235.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, August 28th. Wells Fargo & Company decreased their price objective on 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. Bank of America increased their target price on DICK'S Sporting Goods from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, September 5th. Loop Capital boosted their price target on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th. Finally, Evercore ISI reiterated an "outperform" rating and set a $280.00 price objective on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.