Sumitomo Mitsui Trust Group Inc. Has $29.86 Million Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Sumitomo Mitsui Trust Group Inc. grew its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,056 shares of the sporting goods retailer's stock after purchasing an additional 15,591 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.18% of DICK'S Sporting Goods worth $29,856,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DKS. Renaissance Technologies LLC raised its stake in DICK'S Sporting Goods by 51.4% during the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer's stock valued at $237,697,000 after buying an additional 375,600 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of DICK'S Sporting Goods by 19,851.3% during the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock valued at $43,512,000 after acquiring an additional 207,446 shares in the last quarter. Vanguard Group Inc. lifted its stake in DICK'S Sporting Goods by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer's stock worth $1,209,892,000 after purchasing an additional 166,687 shares during the last quarter. AQR Capital Management LLC boosted its holdings in DICK'S Sporting Goods by 40.2% in the second quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer's stock worth $117,103,000 after purchasing an additional 156,227 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in DICK'S Sporting Goods by 65.9% during the second quarter. Los Angeles Capital Management LLC now owns 278,338 shares of the sporting goods retailer's stock valued at $59,801,000 after purchasing an additional 110,570 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DKS shares. Loop Capital raised their price target on shares of DICK'S Sporting Goods from $200.00 to $220.00 and gave the stock a "hold" rating in a research report on Thursday, September 5th. DA Davidson restated a "buy" rating and issued a $265.00 target price on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Wells Fargo & Company dropped their price target 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. Barclays boosted their price objective on DICK'S Sporting Goods from $247.00 to $254.00 and gave the company an "overweight" rating in a research report on Thursday, September 5th. Finally, Bank of America increased their target price on 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. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and a consensus target price of $244.62.

DICK'S Sporting Goods Price Performance

DKS traded down $0.47 during trading on Friday, reaching $198.25. The stock had a trading volume of 905,323 shares, compared to its average volume of 765,774. The stock has a 50 day moving average of $206.64 and a two-hundred day moving average of $210.42. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth 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 announced its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $3.47 billion during the quarter, compared to analysts' expectations of $3.44 billion. During the same quarter last year, the business posted $2.82 earnings per share. The company's quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.91 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

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

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.