Kerusso Capital Management LLC Makes New $1.55 Million Investment in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Kerusso Capital Management LLC purchased a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,448 shares of the sporting goods retailer's stock, valued at approximately $1,554,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in shares of DICK'S Sporting Goods by 86.3% during the 1st quarter. Private Advisor Group LLC now owns 2,735 shares of the sporting goods retailer's stock worth $615,000 after buying an additional 1,267 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in DICK'S Sporting Goods by 5.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,723 shares of the sporting goods retailer's stock valued at $837,000 after purchasing an additional 192 shares during the period. SG Americas Securities LLC increased its position in shares of DICK'S Sporting Goods by 65.5% during the 1st quarter. SG Americas Securities LLC now owns 9,792 shares of the sporting goods retailer's stock valued at $2,202,000 after purchasing an additional 3,875 shares during the last quarter. Sei Investments Co. raised its stake in shares of DICK'S Sporting Goods by 5.3% during the 1st quarter. Sei Investments Co. now owns 26,726 shares of the sporting goods retailer's stock worth $6,008,000 after purchasing an additional 1,345 shares during the period. Finally, Arnhold LLC purchased a new position in shares of DICK'S Sporting Goods in the 1st quarter worth about $225,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on DKS. Wells Fargo & Company decreased their price objective 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. UBS Group upped their price objective on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. Citigroup decreased their target price on DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Wedbush reaffirmed a "neutral" rating and set a $250.00 price target on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $235.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, August 28th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $244.62.

DICK'S Sporting Goods Price Performance

NYSE DKS traded up $2.96 during trading on Friday, reaching $202.94. The company's stock had a trading volume of 727,641 shares, compared to its average volume of 735,783. The firm has a fifty day moving average of $209.06 and a 200 day moving average of $210.56. DICK'S Sporting Goods, Inc. has a one year low of $110.07 and a one year high of $239.30. The stock has a market capitalization of $16.52 billion, a PE ratio of 14.89, a P/E/G ratio of 2.22 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

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 earnings per share for the quarter, beating analysts' consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. DICK'S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. DICK'S Sporting Goods's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $2.82 earnings per share. Analysts expect that DICK'S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.17%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 32.28%.

About DICK'S Sporting Goods

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.