DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC grew its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 108.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,647 shares of the sporting goods retailer's stock after purchasing an additional 7,621 shares during the quarter. Cerity Partners LLC's holdings in DICK'S Sporting Goods were worth $3,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. ICA Group Wealth Management LLC purchased a new stake in shares of DICK'S Sporting Goods in the 2nd quarter valued at about $28,000. ORG Partners LLC purchased a new stake in DICK'S Sporting Goods in the second quarter valued at approximately $30,000. ORG Wealth Partners LLC acquired a new stake in shares of DICK'S Sporting Goods in the third quarter valued at approximately $30,000. Innealta Capital LLC purchased a new position in shares of DICK'S Sporting Goods during the second quarter worth approximately $31,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of DICK'S Sporting Goods during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $6.42 during trading on Friday, hitting $207.24. 1,206,770 shares of the stock were exchanged, compared to its average volume of 1,248,464. The company has a market cap of $16.87 billion, a PE ratio of 14.81, a P/E/G ratio of 2.36 and a beta of 1.64. The company has a current ratio of 1.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average price of $205.65 and a two-hundred day moving average price of $210.85. DICK'S Sporting Goods, Inc. has a 12-month low of $126.24 and a 12-month high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted 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 return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the business earned $2.85 earnings per share. DICK'S Sporting Goods's quarterly revenue was up .5% compared to the same quarter last year. On average, analysts forecast that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 2.12%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 31.45%.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of recent research reports. DA Davidson reiterated a "buy" rating and set a $265.00 price target on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Truist Financial increased their target price on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on DICK'S Sporting Goods from $211.00 to $215.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Robert W. Baird reaffirmed a "neutral" rating and set a $235.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, August 28th. Finally, Loop Capital boosted their target price on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $244.95.

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.