Westfield Capital Management Co. LP Makes New $5.56 Million Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Westfield Capital Management Co. LP bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 3rd quarter, HoldingsChannel reports. The fund bought 26,653 shares of the sporting goods retailer’s stock, valued at approximately $5,562,000.

A number of other institutional investors have also made changes to their positions in DKS. ICA Group Wealth Management LLC bought a new position in DICK’S Sporting Goods during the second quarter worth $28,000. ORG Partners LLC acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $30,000. ORG Wealth Partners LLC bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at about $30,000. Innealta Capital LLC bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $31,000. Finally, Richardson Financial Services Inc. acquired a new stake in DICK’S Sporting Goods during the second quarter worth about $34,000. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DKS shares. TD Cowen upped their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Evercore ISI restated an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Citigroup dropped their target price on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. boosted 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 report on Monday, September 9th. Finally, UBS Group lifted their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $215.13 on Tuesday. The company has a 50-day moving average of $205.78 and a 200-day moving average of $210.53. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods, Inc. has a twelve month low of $119.84 and a twelve month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $2.82 earnings per share. Analysts forecast 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 was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

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.