DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 32.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,784 shares of the sporting goods retailer's stock after purchasing an additional 6,865 shares during the period. Empowered Funds LLC's holdings in DICK'S Sporting Goods were worth $5,799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DKS. Renaissance Technologies LLC raised its position in shares of DICK'S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer's stock worth $237,697,000 after acquiring an additional 375,600 shares in the last quarter. KBC Group NV raised its position in shares of DICK'S Sporting Goods by 887.3% in the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer's stock worth $52,253,000 after acquiring an additional 225,015 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of DICK'S Sporting Goods by 19,851.3% in the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock worth $43,512,000 after acquiring an additional 207,446 shares in the last quarter. Vanguard Group Inc. raised its position in shares of DICK'S Sporting Goods by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer's stock worth $1,209,892,000 after acquiring an additional 166,687 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of DICK'S Sporting Goods by 40.2% in the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer's stock worth $117,103,000 after acquiring an additional 156,227 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded down $0.47 during trading hours on Friday, hitting $198.25. 905,323 shares of the stock traded hands, compared to its average volume of 765,774. 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 firm's 50 day moving average price is $206.64 and its 200-day moving average price is $210.42. The stock has a market capitalization of $16.14 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 2.25 and a beta of 1.64. DICK'S Sporting Goods, Inc. has a 1 year low of $114.82 and a 1 year high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $0.60. DICK'S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. The company's revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.91 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.22%. DICK'S Sporting Goods's payout ratio is 32.28%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DKS. DA Davidson reissued a "buy" rating and issued a $265.00 price target on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. UBS Group boosted their price target on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "neutral" rating in a research report on Monday, August 26th. Wells Fargo & Company reduced their price target on DICK'S Sporting Goods from $230.00 to $227.00 and set an "equal weight" rating for the company in a research report on Monday, August 12th. Citigroup dropped their target price on DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Finally, Telsey Advisory Group boosted their target price on 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. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, DICK'S Sporting Goods presently has a consensus 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.