Cetera Investment Advisers Has $2.51 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Cetera Investment Advisers boosted its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 54.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,672 shares of the sporting goods retailer's stock after acquiring an additional 4,124 shares during the period. Cetera Investment Advisers' holdings in DICK'S Sporting Goods were worth $2,508,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new stake in DICK'S Sporting Goods in the 2nd quarter valued at $28,000. Covestor Ltd increased its stake in DICK'S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer's stock valued at $30,000 after buying an additional 55 shares during the period. ORG Partners LLC acquired a new stake in shares of DICK'S Sporting Goods in the 2nd quarter worth $30,000. Innealta Capital LLC purchased a new stake in shares of DICK'S Sporting Goods in the second quarter valued at about $31,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of DICK'S Sporting Goods during the second quarter worth about $34,000. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

NYSE:DKS traded up $4.88 during trading hours on Friday, reaching $205.57. 620,340 shares of the stock were exchanged, compared to its average volume of 1,101,131. The stock has a market capitalization of $16.75 billion, a P/E ratio of 17.02, a P/E/G ratio of 2.31 and a beta of 1.62. The firm has a 50 day simple moving average of $215.69 and a 200-day simple moving average of $211.06. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. DICK'S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.44 billion. DICK'S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 EPS. As a group, sell-side analysts forecast that DICK'S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed 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 was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.14%. DICK'S Sporting Goods's dividend payout ratio (DPR) is 36.42%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on DICK'S Sporting Goods from $211.00 to $215.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Telsey Advisory Group lifted 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 research report on Friday, August 30th. Loop Capital upped their price target on shares of DICK'S Sporting Goods from $200.00 to $220.00 and gave the company a "hold" rating in a report on Thursday, September 5th. Wells Fargo & Company dropped 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 research note on Monday, August 12th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $265.00 target price on shares of DICK'S Sporting Goods 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 stock. According to data from MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.62.

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.