Wedge Capital Management L L P NC Acquires 28,013 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Wedge Capital Management L L P NC lifted its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,986 shares of the sporting goods retailer's stock after buying an additional 28,013 shares during the period. Wedge Capital Management L L P NC owned approximately 0.26% of DICK'S Sporting Goods worth $44,450,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Nomura Holdings Inc. bought a new stake in shares of DICK'S Sporting Goods in the fourth quarter worth about $956,000. Russell Investments Group Ltd. grew its stake in shares of DICK'S Sporting Goods by 12.5% in the first quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer's stock worth $22,009,000 after purchasing an additional 10,894 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of DICK'S Sporting Goods in the first quarter worth about $7,690,000. SG Americas Securities LLC grew its stake in shares of DICK'S Sporting Goods by 65.5% in the first quarter. SG Americas Securities LLC now owns 9,792 shares of the sporting goods retailer's stock worth $2,202,000 after purchasing an additional 3,875 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of DICK'S Sporting Goods by 5.5% in the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer's stock worth $51,446,000 after purchasing an additional 12,396 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of DKS traded down $0.62 during midday trading on Monday, hitting $204.95. 913,336 shares of the company traded hands, compared to its average volume of 1,100,181. The firm has a 50 day moving average of $215.83 and a 200-day moving average of $210.84. DICK'S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 2.31 and a beta of 1.62. 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 announced its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business's revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.82 EPS. On average, analysts forecast that DICK'S Sporting Goods, Inc. will post 13.9 EPS 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. Investors of record on Friday, September 20th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, September 20th. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 36.42%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Telsey Advisory Group lifted their price objective on DICK'S Sporting Goods from $255.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. TD Cowen lifted their price objective on DICK'S Sporting Goods from $266.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. DA Davidson reaffirmed a "buy" rating and set a $265.00 price objective on shares of DICK'S Sporting Goods in a research 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. Finally, Citigroup lowered their target price on shares of DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating for the company in a report on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and an average 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.