Healthcare of Ontario Pension Plan Trust Fund Has $2.36 Million Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 755.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,000 shares of the sporting goods retailer's stock after purchasing an additional 9,714 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in DICK'S Sporting Goods were worth $2,363,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DKS. Vanguard Group Inc. lifted its stake 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 worth $1,209,892,000 after acquiring an additional 166,687 shares in the last quarter. Renaissance Technologies LLC lifted its stake in 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 acquiring an additional 375,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 acquiring an additional 102,609 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in 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 acquiring an additional 11,792 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in 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 acquiring an additional 156,227 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the company's stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the sale, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 32.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DKS has been the topic of several research reports. Robert W. Baird reaffirmed a "neutral" rating and issued a $235.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, August 28th. Wells Fargo & Company dropped their target price on DICK'S Sporting Goods from $230.00 to $227.00 and set an "equal weight" rating on the stock in a research report on Monday, August 12th. DA Davidson reaffirmed a "buy" rating and issued a $265.00 target price on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on DICK'S Sporting Goods from $211.00 to $215.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $280.00 target price on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $244.62.

DICK'S Sporting Goods Stock Down 4.2 %

Shares of DICK'S Sporting Goods stock traded down $8.94 during trading on Monday, reaching $206.09. The stock had a trading volume of 1,023,553 shares, compared to its average volume of 1,111,243. The company has a market capitalization of $16.79 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 2.45 and a beta of 1.62. The stock has a fifty day moving average price of $216.06 and a two-hundred day moving average price of $211.59. DICK'S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. 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 issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK'S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 earnings per share. Sell-side analysts predict 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 declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.13%. DICK'S Sporting Goods's dividend payout ratio (DPR) is 36.42%.

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.