Livforsakringsbolaget Skandia Omsesidigt Purchases 6,900 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Livforsakringsbolaget Skandia Omsesidigt boosted its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 25.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 33,600 shares of the sporting goods retailer's stock after acquiring an additional 6,900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in DICK'S Sporting Goods were worth $7,040,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DKS. Vanguard Group Inc. increased its position in shares of DICK'S Sporting Goods by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer's stock valued at $1,209,892,000 after buying an additional 166,687 shares during the period. Renaissance Technologies LLC increased its position in shares of DICK'S Sporting Goods by 51.4% during the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer's stock valued at $237,697,000 after buying an additional 375,600 shares during the period. Dimensional Fund Advisors LP increased its position in shares of DICK'S Sporting Goods by 15.1% during the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer's stock valued at $167,683,000 after buying an additional 102,609 shares during the period. Bank of New York Mellon Corp increased its position in shares of DICK'S Sporting Goods by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer's stock valued at $164,341,000 after buying an additional 11,792 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of DICK'S Sporting Goods by 40.2% during the second quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer's stock valued at $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 Trading Up 2.4 %

Shares of NYSE:DKS traded up $4.88 during trading on Friday, reaching $205.57. 620,340 shares of the company traded hands, compared to its average volume of 1,101,131. The firm has a market capitalization of $16.75 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 2.31 and a beta of 1.62. 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. The business's fifty day moving average is $215.69 and its 200-day moving average is $211.06.

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 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. DICK'S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share. As a group, analysts forecast that DICK'S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.14%. DICK'S Sporting Goods's dividend payout ratio is presently 36.42%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. DA Davidson restated a "buy" rating and issued a $265.00 price objective on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Loop Capital upped their price objective on shares of DICK'S Sporting Goods from $200.00 to $220.00 and gave the stock a "hold" rating in a research report on Thursday, September 5th. Evercore ISI restated an "outperform" rating and issued a $280.00 price objective on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Telsey Advisory Group upped their price objective on shares of DICK'S Sporting Goods from $255.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of 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. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.