DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by State Street Corp

State Street Corp boosted its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 1.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,259,133 shares of the sporting goods retailer's stock after acquiring an additional 27,155 shares during the period. State Street Corp owned about 2.78% of DICK'S Sporting Goods worth $473,945,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in shares of 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 worth $237,697,000 after purchasing an additional 375,600 shares during the last quarter. Holocene Advisors LP purchased a new position in DICK'S Sporting Goods during the third quarter worth about $70,562,000. KBC Group NV boosted its stake in DICK'S Sporting Goods by 887.3% in the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer's stock worth $52,253,000 after buying an additional 225,015 shares during the last quarter. International Assets Investment Management LLC grew 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 valued at $43,512,000 after buying an additional 207,446 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in DICK'S Sporting Goods by 1,718.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer's stock valued at $41,740,000 after buying an additional 189,000 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DKS. TD Cowen raised their target price on shares of DICK'S Sporting Goods from $266.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. DA Davidson reiterated a "buy" rating and issued a $265.00 price target on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Barclays upped their price objective on DICK'S Sporting Goods from $247.00 to $254.00 and gave the stock an "overweight" rating in a report on Thursday, September 5th. Wedbush reaffirmed a "neutral" rating and issued a $215.00 target price (down from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Finally, Evercore ISI reissued an "outperform" rating and set a $280.00 price target on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.95.

DICK'S Sporting Goods Stock Down 1.3 %

Shares of DICK'S Sporting Goods stock traded down $2.82 during trading hours on Monday, hitting $214.27. 1,360,332 shares of the company's stock traded hands, compared to its average volume of 1,103,735. DICK'S Sporting Goods, Inc. has a twelve month low of $136.92 and a twelve month high of $239.30. The company has a market cap of $17.46 billion, a PE ratio of 15.35, a PEG ratio of 2.47 and a beta of 1.61. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $205.42 and a 200-day simple moving average of $211.65.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.07. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the firm earned $2.85 EPS. DICK'S Sporting Goods's quarterly revenue was up .5% on a year-over-year basis. Equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 2.05%. DICK'S Sporting Goods's dividend payout ratio is presently 31.45%.

DICK'S Sporting Goods 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.