Geode Capital Management LLC Raises Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Geode Capital Management LLC increased its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,042,782 shares of the sporting goods retailer's stock after purchasing an additional 10,640 shares during the quarter. Geode Capital Management LLC owned approximately 1.28% of DICK'S Sporting Goods worth $217,169,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. M&T Bank Corp raised its stake in shares of DICK'S Sporting Goods by 10.0% during the 3rd quarter. M&T Bank Corp now owns 4,076 shares of the sporting goods retailer's stock worth $851,000 after acquiring an additional 370 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in DICK'S Sporting Goods during the 3rd quarter worth $288,000. MML Investors Services LLC raised its stake in DICK'S Sporting Goods by 22.8% in the third quarter. MML Investors Services LLC now owns 4,141 shares of the sporting goods retailer's stock valued at $864,000 after buying an additional 768 shares during the last quarter. Kensington Investment Counsel LLC boosted its holdings in DICK'S Sporting Goods by 6.1% in the third quarter. Kensington Investment Counsel LLC now owns 3,666 shares of the sporting goods retailer's stock worth $765,000 after acquiring an additional 211 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of DICK'S Sporting Goods by 20.1% during the third quarter. Orion Portfolio Solutions LLC now owns 7,842 shares of the sporting goods retailer's stock valued at $1,637,000 after acquiring an additional 1,312 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DKS. TD Cowen boosted their price objective on shares of DICK'S Sporting Goods from $266.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their target price for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Truist Financial boosted their price target on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. increased their price target on shares of DICK'S Sporting Goods from $211.00 to $215.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK'S Sporting Goods in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and an average target price of $244.95.

DICK'S Sporting Goods Stock Up 2.6 %

DKS traded up $5.60 during trading hours on Friday, hitting $223.39. 1,027,927 shares of the company's stock were exchanged, compared to its average volume of 1,102,397. DICK'S Sporting Goods, Inc. has a 12-month low of $137.06 and a 12-month high of $239.30. The firm has a market cap of $18.20 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $206.41 and a 200 day moving average of $212.39.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter in the previous year, the business earned $2.85 earnings per share. The firm's revenue was up .5% compared to the same quarter last year. Analysts predict that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 31.45%.

DICK'S Sporting Goods 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.