Robeco Institutional Asset Management B.V. Purchases 20,220 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Robeco Institutional Asset Management B.V. increased its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 33.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,253 shares of the sporting goods retailer's stock after acquiring an additional 20,220 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.10% of DICK'S Sporting Goods worth $16,958,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of 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 valued at $1,209,892,000 after purchasing an additional 166,687 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of DICK'S Sporting Goods by 51.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer's stock valued at $237,697,000 after acquiring an additional 375,600 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of DICK'S Sporting Goods by 15.1% in the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer's stock valued at $167,683,000 after buying an additional 102,609 shares during the period. Bank of New York Mellon Corp grew its stake in shares of DICK'S Sporting Goods by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer's stock worth $164,341,000 after acquiring an additional 11,792 shares during the period. Finally, AQR Capital Management LLC raised its stake in 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 valued at $117,103,000 after acquiring an additional 156,227 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of DKS traded up $4.66 during mid-day trading on Thursday, reaching $199.78. The stock had a trading volume of 704,018 shares, compared to its average volume of 1,068,714. The firm has a market cap of $16.26 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.24 and a beta of 1.64. DICK'S Sporting Goods, Inc. has a 12 month low of $110.07 and a 12 month high of $239.30. The business has a fifty day moving average of $210.45 and a 200 day moving average of $210.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping 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 firm 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 firm's revenue was up 7.6% on a year-over-year basis. Equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.20%. The ex-dividend date was Friday, September 20th. DICK'S Sporting Goods's dividend payout ratio is presently 32.28%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Robert W. Baird reiterated a "neutral" rating and set a $235.00 price objective on shares of DICK'S Sporting Goods in a research note on Wednesday, August 28th. Wells Fargo & Company decreased 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 note on Monday, August 12th. UBS Group lifted their target price on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. JPMorgan Chase & Co. boosted their price objective on shares of DICK'S Sporting Goods from $211.00 to $215.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Finally, DA Davidson reissued 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. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Moderate Buy" and a consensus 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.