DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 9.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,749 shares of the sporting goods retailer's stock after acquiring an additional 6,314 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of DICK'S Sporting Goods worth $15,809,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on DKS shares. Wedbush reissued a "neutral" rating and set a $215.00 price objective (down previously from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday. Robert W. Baird reissued a "neutral" rating and issued a $235.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, August 28th. Evercore ISI reaffirmed an "outperform" rating and set a $280.00 target price on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. TD Cowen boosted their target price 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. Finally, Loop Capital raised their price target 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. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $244.95.

DICK'S Sporting Goods Stock Down 3.0 %

Shares of DKS stock traded down $6.42 during trading on Friday, reaching $207.24. The company's stock had a trading volume of 1,206,770 shares, compared to its average volume of 1,248,464. 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 market capitalization of $16.87 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 2.36 and a beta of 1.64. The stock's 50-day moving average price is $205.65 and its 200 day moving average price is $210.85.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data 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. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same period last year, the firm earned $2.85 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. On average, research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, December 13th. 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.