Transform Wealth LLC increased its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 61.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,310 shares of the sporting goods retailer's stock after acquiring an additional 4,319 shares during the period. Transform Wealth LLC's holdings in DICK'S Sporting Goods were worth $2,372,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of DKS. Renaissance Technologies LLC increased its position 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 purchasing an additional 375,600 shares during the last quarter. Vanguard Group Inc. increased its position 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 purchasing an additional 166,687 shares during the last quarter. Los Angeles Capital Management LLC increased its position in DICK'S Sporting Goods by 5,379.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer's stock worth $37,724,000 after purchasing an additional 164,706 shares during the last quarter. AQR Capital Management LLC increased its position 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 purchasing an additional 156,227 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 purchasing an additional 102,609 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.
DICK'S Sporting Goods Stock Performance
DKS traded up $3.01 during midday trading on Wednesday, reaching $212.66. The company's stock had a trading volume of 723,308 shares, compared to its average volume of 1,096,543. The company has a fifty day simple moving average of $216.09 and a 200 day simple moving average of $210.73. 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, Inc. has a twelve month low of $100.98 and a twelve month high of $239.30. The stock has a market cap of $17.33 billion, a P/E ratio of 17.35, a PEG ratio of 2.31 and a beta of 1.62.
DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $0.60. DICK'S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the company earned $2.82 EPS. The company's quarterly revenue was up 7.6% on a year-over-year basis. Research analysts expect that DICK'S Sporting Goods, Inc. will post 13.9 earnings per share for the current year.
DICK'S Sporting Goods Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.07%. DICK'S Sporting Goods's dividend payout ratio is currently 36.42%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Barclays upped their target price on DICK'S Sporting Goods from $247.00 to $254.00 and gave the stock an "overweight" rating in a research report on Thursday, September 5th. Wedbush reaffirmed a "neutral" rating and issued a $250.00 target price on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Loop Capital increased their price objective on DICK'S Sporting Goods from $200.00 to $220.00 and gave the company a "hold" rating in a report on Thursday, September 5th. TD Cowen increased their price objective on DICK'S Sporting Goods from $266.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Finally, Telsey Advisory Group increased their price objective on DICK'S Sporting Goods from $255.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $244.62.
Read Our Latest Research Report on DICK'S Sporting Goods
DICK'S Sporting Goods Profile
(
Free Report)
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.
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