Advisor Resource Council Takes $271,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Advisor Resource Council bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 1,297 shares of the sporting goods retailer’s stock, valued at approximately $271,000.

Several other hedge funds have also added to or reduced their stakes in DKS. ICA Group Wealth Management LLC purchased a new position in DICK’S Sporting Goods in the 2nd quarter worth approximately $28,000. Covestor Ltd increased its stake in shares of DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares during the period. Innealta Capital LLC purchased a new position in shares of DICK’S Sporting Goods in the second quarter worth $31,000. ORG Partners LLC bought a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $30,000. Finally, ORG Wealth Partners LLC purchased a new stake in DICK’S Sporting Goods during the 3rd quarter valued at $30,000. 89.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DKS shares. Loop Capital lifted their price objective on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. UBS Group upped their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Bank of America increased their price objective on 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, Telsey Advisory Group boosted their target price on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $199.95 on Friday. The firm has a market capitalization of $16.28 billion, a P/E ratio of 14.67, a PEG ratio of 2.24 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. DICK’S Sporting Goods, Inc. has a one year low of $110.07 and a one year high of $239.30. The business has a fifty day moving average of $209.75 and a 200 day moving average of $210.50.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period last year, the firm earned $2.82 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.20%. DICK’S Sporting Goods’s dividend payout ratio is presently 32.28%.

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.