Vinva Investment Management Ltd Has $1.37 Million Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Vinva Investment Management Ltd grew its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 75.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,542 shares of the sporting goods retailer's stock after buying an additional 2,805 shares during the quarter. Vinva Investment Management Ltd's holdings in DICK'S Sporting Goods were worth $1,368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DKS. Renaissance Technologies LLC raised its position in shares of DICK'S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer's stock valued at $237,697,000 after buying an additional 375,600 shares in the last quarter. KBC Group NV grew its holdings in shares of DICK'S Sporting Goods by 887.3% during the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer's stock valued at $52,253,000 after purchasing an additional 225,015 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of DICK'S Sporting Goods by 19,851.3% during 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 purchasing an additional 207,446 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of DICK'S Sporting Goods by 1,718.2% during 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 purchasing an additional 189,000 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of DICK'S Sporting Goods by 40.2% during the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer's stock valued at $117,103,000 after purchasing an additional 156,227 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Down 3.0 %

Shares of DICK'S Sporting Goods stock traded down $6.42 during trading on Friday, reaching $207.24. 1,206,770 shares of the company traded hands, compared to its average volume of 1,092,371. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.69. DICK'S Sporting Goods, Inc. has a 1-year low of $126.24 and a 1-year high of $239.30. The company has a 50 day moving average price of $205.65 and a 200-day moving average price of $210.77. The firm has a market capitalization of $16.87 billion, a PE ratio of 14.81, a P/E/G ratio of 2.43 and a beta of 1.64.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company earned $2.85 EPS. DICK'S Sporting Goods's quarterly revenue was up .5% compared to the same quarter last year. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.12%. DICK'S Sporting Goods's payout ratio is presently 31.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wedbush reaffirmed a "neutral" rating and set a $215.00 price target (down from $250.00) on shares of DICK'S Sporting Goods in a report on Wednesday. Barclays lifted their price target on shares of DICK'S Sporting Goods from $247.00 to $254.00 and gave the company an "overweight" rating in a report on Thursday, September 5th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $260.00 price target on shares of DICK'S Sporting Goods in a report on Tuesday. Bank of America boosted their target price on shares of DICK'S Sporting Goods from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, September 5th. Finally, TD Cowen boosted 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 report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.