Mirae Asset Global Investments Co. Ltd. Increases Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Mirae Asset Global Investments Co. Ltd. increased its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,384 shares of the sporting goods retailer's stock after purchasing an additional 3,585 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of DICK'S Sporting Goods worth $9,492,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Great Lakes Retirement Inc. increased its stake in shares of DICK'S Sporting Goods by 2.2% in the third quarter. Great Lakes Retirement Inc. now owns 11,222 shares of the sporting goods retailer's stock worth $2,342,000 after purchasing an additional 245 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in DICK'S Sporting Goods by 19,851.3% in the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock worth $43,512,000 after buying an additional 207,446 shares during the period. Waldron Private Wealth LLC bought a new stake in DICK'S Sporting Goods during the 3rd quarter valued at $241,000. Eastern Bank purchased a new stake in shares of DICK'S Sporting Goods during the third quarter worth $267,000. Finally, Signaturefd LLC grew its position in shares of DICK'S Sporting Goods by 13.3% in the third quarter. Signaturefd LLC now owns 979 shares of the sporting goods retailer's stock valued at $204,000 after purchasing an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on DKS shares. Telsey Advisory Group raised their target price on DICK'S Sporting Goods from $255.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. Barclays raised their price target on shares of DICK'S Sporting Goods from $247.00 to $254.00 and gave the company an "overweight" rating in a report on Thursday, September 5th. UBS Group upped their price target on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "neutral" rating in a report on Monday, August 26th. DA Davidson reaffirmed a "buy" rating and issued a $265.00 price target on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Finally, Citigroup decreased their price objective on shares of DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $244.62.

DICK'S Sporting Goods Trading Up 0.5 %

Shares of NYSE DKS traded up $0.92 during trading hours on Monday, hitting $205.29. The company's stock had a trading volume of 544,837 shares, compared to its average volume of 1,077,427. DICK'S Sporting Goods, Inc. has a 12 month low of $102.25 and a 12 month high of $239.30. The stock has a market cap of $16.73 billion, a price-to-earnings ratio of 16.99, a P/E/G 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. The business has a 50-day simple moving average of $215.63 and a 200-day simple moving average of $210.68.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data 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 firm 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 business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $2.82 EPS. On average, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

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