KBC Group NV grew its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 887.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,374 shares of the sporting goods retailer's stock after purchasing an additional 225,015 shares during the quarter. KBC Group NV owned about 0.31% of DICK'S Sporting Goods worth $52,253,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sei Investments Co. boosted its position in shares of DICK'S Sporting Goods by 5.3% during the first quarter. Sei Investments Co. now owns 26,726 shares of the sporting goods retailer's stock valued at $6,008,000 after purchasing an additional 1,345 shares in the last quarter. US Bancorp DE grew its position in shares of DICK'S Sporting Goods by 2.6% in the 1st quarter. US Bancorp DE now owns 5,028 shares of the sporting goods retailer's stock worth $1,131,000 after buying an additional 127 shares during the period. Avantax Advisory Services Inc. bought a new position in shares of DICK'S Sporting Goods in the 1st quarter worth about $356,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of DICK'S Sporting Goods by 16.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 34,504 shares of the sporting goods retailer's stock worth $7,759,000 after acquiring an additional 4,840 shares in the last quarter. Finally, HBK Sorce Advisory LLC purchased a new position in DICK'S Sporting Goods during the 1st quarter valued at about $285,000. 89.83% of the stock is owned by hedge funds and other institutional investors.
DICK'S Sporting Goods Stock Performance
Shares of DICK'S Sporting Goods stock traded down $0.47 during trading hours on Friday, reaching $198.25. 905,247 shares of the stock traded hands, compared to its average volume of 1,063,997. DICK'S Sporting Goods, Inc. has a one year low of $114.82 and a one year high of $239.30. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 2.24 and a beta of 1.64. 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 company has a 50 day moving average price of $206.84 and a 200 day moving average price of $210.32.
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 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion during the quarter, compared to analysts' expectations of $3.44 billion. DICK'S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.82 earnings per share. On average, equities research analysts expect that DICK'S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.
DICK'S Sporting Goods Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Friday, September 20th. DICK'S Sporting Goods's dividend payout ratio is presently 32.28%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on DKS. Wells Fargo & Company decreased their target price on shares of DICK'S Sporting Goods from $230.00 to $227.00 and set an "equal weight" rating for the company in a research note on Monday, August 12th. TD Cowen boosted their target price on DICK'S Sporting Goods from $266.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. Telsey Advisory Group increased 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. Robert W. Baird reaffirmed a "neutral" rating and issued a $235.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday, August 28th. Finally, Wedbush reiterated a "neutral" rating and issued a $250.00 price target on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $244.62.
View Our Latest Analysis on DKS
DICK'S Sporting Goods Company Profile
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Free Report)
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.
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