Strategy Asset Managers LLC Acquires New Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Strategy Asset Managers LLC acquired a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,725 shares of the sporting goods retailer's stock, valued at approximately $4,325,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its holdings in DICK'S Sporting Goods by 276.8% during the third quarter. Avior Wealth Management LLC now owns 1,172 shares of the sporting goods retailer's stock worth $245,000 after purchasing an additional 861 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in DICK'S Sporting Goods during the third quarter worth about $900,000. Quest Partners LLC grew its holdings in DICK'S Sporting Goods by 871.9% in the third quarter. Quest Partners LLC now owns 4,150 shares of the sporting goods retailer's stock valued at $866,000 after purchasing an additional 3,723 shares during the last quarter. Empowered Funds LLC lifted its holdings in DICK'S Sporting Goods by 32.8% in the 3rd quarter. Empowered Funds LLC now owns 27,784 shares of the sporting goods retailer's stock valued at $5,799,000 after purchasing an additional 6,865 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of DICK'S Sporting Goods by 1.7% in the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

NYSE:DKS traded down $6.40 during trading hours on Wednesday, reaching $193.17. The company had a trading volume of 520,871 shares, compared to its average volume of 1,061,353. The firm has a market capitalization of $15.73 billion, a PE ratio of 14.64, a PEG ratio of 2.25 and a beta of 1.64. 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 stock has a 50-day moving average of $206.35 and a two-hundred day moving average of $210.41. DICK'S Sporting Goods, Inc. has a one year low of $119.84 and a one year high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion during 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 firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $2.82 earnings per share. Analysts forecast that DICK'S Sporting Goods, Inc. will post 13.91 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, September 20th. DICK'S Sporting Goods's dividend payout ratio is 32.28%.

Analyst Ratings Changes

A number of research firms recently weighed in on DKS. TD Cowen raised their price target on shares of DICK'S Sporting Goods from $266.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Citigroup reduced their price target on shares of DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Barclays upped 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 note on Thursday, September 5th. Evercore ISI restated an "outperform" rating and issued a $280.00 price objective on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Finally, Wedbush restated a "neutral" rating and set a $250.00 price target on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $244.62.

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.