Forsta AP Fonden Has $4.40 Million Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Forsta AP Fonden lifted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 68.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,100 shares of the sporting goods retailer's stock after buying an additional 8,600 shares during the period. Forsta AP Fonden's holdings in DICK'S Sporting Goods were worth $4,404,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in DICK'S Sporting Goods by 3.2% during 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 buying an additional 166,687 shares in the last quarter. Renaissance Technologies LLC boosted its position in 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 purchasing an additional 375,600 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in DICK'S Sporting Goods by 15.1% in 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 purchasing an additional 102,609 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of DICK'S Sporting Goods by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer's stock worth $164,341,000 after purchasing an additional 11,792 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of DICK'S Sporting Goods by 40.2% during 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 in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DKS has been the topic of a number of recent analyst reports. DA Davidson restated a "buy" rating and set a $265.00 target price on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Loop Capital upped their target price 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. Wedbush reiterated a "neutral" rating and set a $250.00 price target on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. JPMorgan Chase & Co. upped their price objective on DICK'S Sporting Goods from $211.00 to $215.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Finally, Evercore ISI reiterated an "outperform" rating and set a $280.00 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $244.62.

DICK'S Sporting Goods Price Performance

Shares of NYSE DKS traded down $1.32 during midday trading on Wednesday, reaching $200.81. The company's stock had a trading volume of 559,261 shares, compared to its average volume of 1,072,992. 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 company has a market cap of $16.36 billion, a P/E ratio of 16.62, a P/E/G ratio of 2.31 and a beta of 1.62. The business's 50 day moving average price is $214.49 and its two-hundred day moving average price is $210.61. DICK'S Sporting Goods, Inc. has a fifty-two week low of $104.00 and a fifty-two week high of $239.30.

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 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.60. The firm had revenue of $3.47 billion during 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 company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were paid 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 yield of 2.19%. DICK'S Sporting Goods's payout ratio is 36.42%.

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.