Cinctive Capital Management LP Invests $3.90 Million in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Cinctive Capital Management LP acquired a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,668 shares of the sporting goods retailer's stock, valued at approximately $3,896,000.

A number of other hedge funds have also added to or reduced their stakes in DKS. ORG Partners LLC raised its position 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 increased its stake in DICK'S Sporting Goods by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after purchasing an additional 54 shares in the last quarter. Vista Capital Partners Inc. lifted its position in DICK'S Sporting Goods by 5.7% during the 2nd quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer's stock worth $227,000 after acquiring an additional 57 shares during the period. Range Financial Group LLC lifted its stake in DICK'S Sporting Goods by 0.8% during 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 period. Finally, First Citizens Bank & Trust Co. grew its holdings in DICK'S Sporting Goods by 5.7% during the third quarter. First Citizens Bank & Trust Co. now owns 1,907 shares of the sporting goods retailer's stock worth $398,000 after acquiring an additional 103 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DKS. Bank of America upped their price target on shares of DICK'S Sporting Goods from $240.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. Robert W. Baird restated a "neutral" rating and issued a $235.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their price target on shares of 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. Barclays increased their price target on shares of DICK'S Sporting Goods from $247.00 to $254.00 and gave the company an "overweight" rating in a research note on Thursday, September 5th. Finally, Truist Financial upped their price target 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. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.95.

DICK'S Sporting Goods Stock Down 1.5 %

Shares of DKS traded down $3.21 during midday trading on Tuesday, hitting $212.15. The stock had a trading volume of 941,041 shares, compared to its average volume of 1,094,840. The company has a 50 day simple moving average of $205.65 and a two-hundred day simple moving average of $211.05. DICK'S Sporting Goods, Inc. has a twelve month low of $136.44 and a twelve month high of $239.30. The firm has a market cap of $17.27 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 2.36 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 (NYSE:DKS - Get Free Report) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the business earned $2.85 earnings per share. DICK'S Sporting Goods's quarterly revenue was up .5% on a year-over-year basis. On average, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.88 EPS 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. Shareholders of record on Friday, December 13th will be given 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 2.07%. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.

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.