20,100 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Purchased by National Pension Service

National Pension Service acquired a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,100 shares of the sporting goods retailer's stock, valued at approximately $4,195,000.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in 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 purchasing an additional 375,600 shares in the last quarter. International Assets Investment Management LLC raised its position in DICK'S Sporting Goods by 19,851.3% in the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock worth $43,512,000 after acquiring an additional 207,446 shares in the last quarter. Vanguard Group Inc. lifted its holdings in DICK'S Sporting Goods by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer's stock valued at $1,209,892,000 after acquiring an additional 166,687 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of DICK'S Sporting Goods by 40.2% during 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 purchasing an additional 156,227 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of DICK'S Sporting Goods by 65.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 278,338 shares of the sporting goods retailer's stock worth $59,801,000 after purchasing an additional 110,570 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Up 1.5 %

NYSE DKS traded up $3.09 during trading on Friday, reaching $203.07. The company's stock had a trading volume of 566,771 shares, compared to its average volume of 1,067,934. The business has a 50-day moving average price of $209.75 and a 200-day moving average price of $210.50. DICK'S Sporting Goods, Inc. has a 1-year low of $110.07 and a 1-year high of $239.30. The stock has a market capitalization of $16.53 billion, a PE ratio of 14.80, a PEG ratio of 2.24 and a beta of 1.64. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate of $3.77 by $0.60. The firm 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%. The business's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.82 earnings per share. On average, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Friday, September 20th. DICK'S Sporting Goods's dividend payout ratio is 32.28%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DKS. Telsey Advisory Group raised their target price on shares of DICK'S Sporting Goods from $255.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Evercore ISI restated an "outperform" rating and issued a $280.00 target price on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. UBS Group upped their target price on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "neutral" rating in a report on Monday, August 26th. Citigroup dropped their price target on DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Finally, Loop Capital upped their price objective on shares of DICK'S Sporting Goods from $200.00 to $220.00 and gave the company a "hold" rating in a research note on Thursday, September 5th. Nine equities 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, the company presently has an average 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.