Daiwa Securities Group Inc. Has $939,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Daiwa Securities Group Inc. boosted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,500 shares of the sporting goods retailer’s stock after acquiring an additional 400 shares during the period. Daiwa Securities Group Inc.’s holdings in DICK’S Sporting Goods were worth $939,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ICA Group Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods during the second quarter worth about $28,000. ORG Partners LLC acquired a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $30,000. ORG Wealth Partners LLC bought a new stake in DICK’S Sporting Goods during the 3rd quarter worth approximately $30,000. Innealta Capital LLC purchased a new stake in shares of DICK’S Sporting Goods in the second quarter worth approximately $31,000. Finally, Richardson Financial Services Inc. bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 3.0 %

DKS opened at $207.24 on Friday. The firm has a market capitalization of $16.87 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a one year low of $126.24 and a one year high of $239.30. The company has a fifty day moving average price of $205.75 and a 200-day moving average price of $210.68. 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 (NYSE:DKS) last posted 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. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $2.85 earnings per share. 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 paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DKS shares. Citigroup decreased their price target on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Barclays lifted their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Truist Financial increased their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday. Finally, Evercore ISI reissued an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $244.95.

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.