HS Management Partners LLC Has $69.65 Million Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

HS Management Partners LLC trimmed its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 32.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 333,740 shares of the sporting goods retailer's stock after selling 163,045 shares during the quarter. DICK'S Sporting Goods makes up about 4.5% of HS Management Partners LLC's investment portfolio, making the stock its 12th largest holding. HS Management Partners LLC owned approximately 0.41% of DICK'S Sporting Goods worth $69,652,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its holdings in DICK'S Sporting Goods by 33.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 81,253 shares of the sporting goods retailer's stock valued at $16,958,000 after buying an additional 20,220 shares in the last quarter. Van ECK Associates Corp lifted its holdings in DICK'S Sporting Goods by 10.2% in the 3rd quarter. Van ECK Associates Corp now owns 11,928 shares of the sporting goods retailer's stock worth $2,454,000 after purchasing an additional 1,105 shares during the last quarter. Confluence Wealth Services Inc. grew its holdings in DICK'S Sporting Goods by 3.8% during the third quarter. Confluence Wealth Services Inc. now owns 10,985 shares of the sporting goods retailer's stock valued at $2,293,000 after purchasing an additional 400 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of DICK'S Sporting Goods by 122.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,860 shares of the sporting goods retailer's stock worth $1,849,000 after buying an additional 4,869 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in DICK'S Sporting Goods by 7.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the sporting goods retailer's stock worth $3,543,000 after acquiring an additional 1,230 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. DA Davidson reiterated a "buy" rating and set a $265.00 price target on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Bank of America lifted their target price on DICK'S Sporting Goods from $240.00 to $250.00 and gave the stock a "buy" 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. Robert W. Baird restated a "neutral" rating and issued a $235.00 price objective on shares of DICK'S Sporting Goods in a research note on Wednesday, August 28th. Finally, Barclays increased their price target on shares of 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. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $244.62.

DICK'S Sporting Goods Trading Up 1.6 %

Shares of DICK'S Sporting Goods stock traded up $3.03 during trading on Monday, reaching $196.73. 695,796 shares of the company were exchanged, compared to its average volume of 1,070,986. DICK'S Sporting Goods, Inc. has a twelve month low of $110.07 and a twelve month high of $239.30. The business has a 50-day moving average price of $212.78 and a 200-day moving average price of $210.65. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $16.02 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 2.22 and a beta of 1.64.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $3.44 billion. During the same period in the previous year, the company earned $2.82 EPS. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. Sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Friday, September 20th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 32.28%.

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.