Holocene Advisors LP Buys New Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Holocene Advisors LP acquired a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 338,102 shares of the sporting goods retailer's stock, valued at approximately $70,562,000. Holocene Advisors LP owned approximately 0.42% of DICK'S Sporting Goods at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in shares of DICK'S Sporting Goods by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer's stock worth $373,327,000 after buying an additional 57,672 shares during the period. Renaissance Technologies LLC grew its position in shares of DICK'S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer's stock worth $237,697,000 after buying an additional 375,600 shares during the period. Dimensional Fund Advisors LP grew its position in shares of DICK'S Sporting Goods by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer's stock worth $167,683,000 after buying an additional 102,609 shares during the period. Bank of New York Mellon Corp grew its position in shares of DICK'S Sporting Goods by 1.6% in 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 buying an additional 11,792 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of 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 worth $117,103,000 after buying an additional 156,227 shares during the period. 89.83% of the stock is currently owned by institutional investors.

DICK'S Sporting Goods Price Performance

Shares of DICK'S Sporting Goods stock traded down $5.71 on Tuesday, hitting $209.65. 1,458,705 shares of the company traded hands, compared to its average volume of 1,096,259. The stock has a market capitalization of $17.07 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 2.36 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. DICK'S Sporting Goods, Inc. has a 52 week low of $136.44 and a 52 week high of $239.30. The business has a 50-day simple moving average of $205.65 and a 200 day simple moving average of $211.05.

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

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 31.45%.

Wall Street Analyst Weigh In

Several analysts recently commented on DKS shares. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and increased their price objective for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Citigroup dropped their price target on shares of DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. Evercore ISI reaffirmed an "outperform" rating and set a $280.00 price target on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Loop Capital raised their price target on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Finally, Barclays increased their price objective on shares of DICK'S Sporting Goods from $247.00 to $254.00 and gave the stock an "overweight" rating in a research note on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average 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.