Landscape Capital Management L.L.C. Buys 12,293 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Landscape Capital Management L.L.C. increased its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 402.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,344 shares of the sporting goods retailer's stock after purchasing an additional 12,293 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in DICK'S Sporting Goods were worth $3,202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DKS. ORG Partners LLC grew its position in DICK'S Sporting Goods by 37.0% during the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer's stock worth $42,000 after acquiring an additional 54 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of DICK'S Sporting Goods by 1.7% in the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after buying an additional 54 shares during the last quarter. Covestor Ltd raised its stake in shares of DICK'S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer's stock worth $30,000 after acquiring an additional 55 shares during the last quarter. Quent Capital LLC grew its stake in shares of DICK'S Sporting Goods by 0.6% during the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer's stock valued at $2,095,000 after purchasing an additional 57 shares during the last quarter. Finally, Vista Capital Partners Inc. increased its holdings in shares of DICK'S Sporting Goods by 5.7% in the second quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer's stock valued at $227,000 after purchasing an additional 57 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. DA Davidson reiterated a "buy" rating and issued a $265.00 price target on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Wells Fargo & Company lowered 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 report on Monday, August 12th. Barclays lifted their price objective on 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. UBS Group boosted their target price on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "neutral" rating in a research report on Monday, August 26th. Finally, Bank of America lifted their price objective on shares of DICK'S Sporting Goods from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $244.62.

DICK'S Sporting Goods Price Performance

Shares of NYSE DKS opened at $194.18 on Thursday. The stock has a market cap of $15.81 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 2.27 and a beta of 1.64. DICK'S Sporting Goods, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $239.30. The stock has a fifty day moving average of $206.07 and a 200-day moving average of $210.29. 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 quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.77 by $0.60. The firm had revenue of $3.47 billion for 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 company's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 earnings per share. Equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.91 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, September 20th. DICK'S Sporting Goods's dividend payout ratio is currently 32.28%.

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.

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