Tidal Investments LLC Acquires 2,441 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Tidal Investments LLC raised its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 47.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,597 shares of the sporting goods retailer's stock after purchasing an additional 2,441 shares during the quarter. Tidal Investments LLC's holdings in DICK'S Sporting Goods were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of DICK'S Sporting Goods during the 3rd quarter valued at $140,000. World Investment Advisors LLC bought a new stake in DICK'S Sporting Goods during the third quarter worth about $211,000. Toronto Dominion Bank boosted its holdings in shares of DICK'S Sporting Goods by 29.1% in the 3rd quarter. Toronto Dominion Bank now owns 7,322 shares of the sporting goods retailer's stock worth $1,528,000 after purchasing an additional 1,650 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of DICK'S Sporting Goods by 5.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 10,271 shares of the sporting goods retailer's stock valued at $2,143,000 after purchasing an additional 553 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of DICK'S Sporting Goods by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock valued at $217,169,000 after buying an additional 10,640 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of DKS stock traded down $11.05 on Wednesday, reaching $214.92. The company's stock had a trading volume of 1,436,266 shares, compared to its average volume of 1,104,726. The company has a market capitalization of $17.51 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. The stock's fifty day simple moving average is $207.42 and its 200-day simple moving average is $212.39. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a 1 year low of $137.06 and a 1 year high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.03 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.85 EPS. Analysts forecast 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. Investors of record on Friday, December 13th will be issued a dividend of $1.10 per share. 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 payout ratio is 31.45%.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of research reports. Barclays upped their price objective on shares of DICK'S Sporting Goods from $247.00 to $254.00 and gave the company an "overweight" rating in a research note on Thursday, September 5th. DA Davidson restated a "buy" rating and issued a $265.00 price objective on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price target on shares of DICK'S Sporting Goods from $211.00 to $215.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Robert W. Baird restated a "neutral" rating and set a $235.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, August 28th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $260.00 price target on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $244.95.

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.