Tabor Asset Management LP Takes Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Tabor Asset Management LP purchased a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 11,044 shares of the sporting goods retailer's stock, valued at approximately $2,305,000. DICK'S Sporting Goods comprises about 1.1% of Tabor Asset Management LP's investment portfolio, making the stock its 29th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new stake in shares of DICK'S Sporting Goods during the 2nd quarter valued at approximately $28,000. Brooklyn Investment Group bought a new stake in shares of DICK'S Sporting Goods during the 3rd quarter valued at approximately $27,000. Innealta Capital LLC bought a new stake in DICK'S Sporting Goods during the 2nd quarter worth approximately $31,000. ORG Partners LLC bought a new stake in DICK'S Sporting Goods during the 2nd quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC bought a new stake in DICK'S Sporting Goods during the 3rd quarter worth approximately $30,000. 89.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DKS. Loop Capital boosted their target price on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Truist Financial boosted their price target on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on shares of DICK'S Sporting Goods from $211.00 to $215.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Barclays boosted 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. Finally, Evercore ISI restated an "outperform" rating and issued 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.95.

DICK'S Sporting Goods Stock Up 3.9 %

DKS traded up $8.21 during trading on Friday, hitting $216.93. 1,107,183 shares of the company's stock were exchanged, compared to its average volume of 1,100,005. 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 market cap of $17.66 billion, a P/E ratio of 15.47, a PEG ratio of 2.38 and a beta of 1.61. DICK'S Sporting Goods, Inc. has a fifty-two week low of $136.44 and a fifty-two week high of $239.30. The business's 50 day moving average is $205.26 and its two-hundred day moving average is $211.14.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. 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 business earned $2.85 earnings per share. The company's quarterly revenue was up .5% on a year-over-year basis. As a group, equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Friday, December 13th. DICK'S Sporting Goods's payout ratio is 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.