Bridgewater Associates LP Purchases 4,266 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Bridgewater Associates LP boosted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 245.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,002 shares of the sporting goods retailer's stock after buying an additional 4,266 shares during the period. Bridgewater Associates LP's holdings in DICK'S Sporting Goods were worth $1,253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC raised its holdings in shares of DICK'S Sporting Goods by 37.0% during the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer's stock worth $42,000 after acquiring an additional 54 shares in the last quarter. CIBC Asset Management Inc lifted its position in DICK'S Sporting Goods by 1.7% during the third 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 during the last quarter. Vista Capital Partners Inc. grew its stake in shares of DICK'S Sporting Goods by 5.7% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer's stock worth $227,000 after buying an additional 57 shares in the last quarter. Range Financial Group LLC grew its stake in shares of DICK'S Sporting Goods by 0.8% in the 2nd quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer's stock worth $2,017,000 after buying an additional 75 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of DICK'S Sporting Goods by 5.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,907 shares of the sporting goods retailer's stock worth $398,000 after buying an additional 103 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

DICK'S Sporting Goods Stock Up 3.9 %

Shares of NYSE:DKS traded up $8.12 during trading hours on Monday, hitting $215.36. The company's stock had a trading volume of 1,879,686 shares, compared to its average volume of 1,095,764. The firm's fifty day moving average price is $205.65 and its 200 day moving average price is $210.92. DICK'S Sporting Goods, Inc. has a 52 week low of $136.44 and a 52 week high of $239.30. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 2.36 and a beta of 1.64. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.69.

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

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 31.45%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of DICK'S Sporting Goods from $230.00 to $227.00 and set an "equal weight" rating for the company in a 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 for the company in a report on Thursday, September 5th. Barclays increased their price target on DICK'S Sporting Goods from $247.00 to $254.00 and gave the company an "overweight" rating in a report on Thursday, September 5th. DA Davidson reaffirmed a "buy" rating and set a $265.00 price objective on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Finally, Truist Financial boosted their price objective on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently 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.