Quantinno Capital Management LP Grows Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Quantinno Capital Management LP raised its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 80.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,648 shares of the sporting goods retailer's stock after acquiring an additional 18,542 shares during the period. Quantinno Capital Management LP owned approximately 0.05% of DICK'S Sporting Goods worth $8,692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP increased its holdings in DICK'S Sporting Goods by 174.4% in the 3rd quarter. Quarry LP now owns 494 shares of the sporting goods retailer's stock valued at $103,000 after purchasing an additional 314 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of DICK'S Sporting Goods by 9.7% during the third quarter. Janus Henderson Group PLC now owns 10,046 shares of the sporting goods retailer's stock worth $2,096,000 after buying an additional 891 shares during the period. Hilltop Holdings Inc. grew its stake in shares of DICK'S Sporting Goods by 43.1% in the third quarter. Hilltop Holdings Inc. now owns 2,784 shares of the sporting goods retailer's stock valued at $581,000 after buying an additional 838 shares in the last quarter. Holocene Advisors LP acquired a new stake in shares of DICK'S Sporting Goods in the third quarter valued at $70,562,000. Finally, Centiva Capital LP raised its holdings in shares of DICK'S Sporting Goods by 25.6% in the 3rd quarter. Centiva Capital LP now owns 5,455 shares of the sporting goods retailer's stock valued at $1,138,000 after buying an additional 1,112 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Stock Performance

DKS stock traded up $8.33 during trading on Friday, hitting $217.05. The company had a trading volume of 1,705,444 shares, compared to its average volume of 1,102,648. DICK'S Sporting Goods, Inc. has a 1-year low of $136.44 and a 1-year high of $239.30. The firm has a 50-day moving average price of $205.26 and a 200-day moving average price of $211.14. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market cap of $17.67 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 2.38 and a beta of 1.61.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted 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 firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the prior year, the company posted $2.85 earnings per share. The firm's revenue for the quarter was up .5% on a year-over-year basis. On average, 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio is presently 31.45%.

Wall Street Analyst Weigh In

DKS has been the subject of a number of research analyst reports. TD Cowen raised their target price on DICK'S Sporting Goods from $266.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Barclays lifted their price objective on shares of DICK'S Sporting Goods from $247.00 to $254.00 and gave the company an "overweight" rating in a report on Thursday, September 5th. Evercore ISI reissued an "outperform" rating and issued a $280.00 price target on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Wells Fargo & Company cut 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 research report on Monday, August 12th. Finally, Bank of America lifted their target price on DICK'S Sporting Goods from $240.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, September 5th. Eight equities 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $244.95.

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.